NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,820 shares of the computer hardware maker’s stock after purchasing an additional 7,632 shares during the period. Sound Income Strategies LLC’s holdings in NVIDIA were worth $6,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. LexAurum Advisors LLC grew its position in shares of NVIDIA by 4.6% during the 4th quarter. LexAurum Advisors LLC now owns 56,570 shares of the computer hardware maker’s stock valued at $7,597,000 after buying an additional 2,501 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its stake in NVIDIA by 2.2% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 75,192 shares of the computer hardware maker’s stock valued at $10,098,000 after acquiring an additional 1,624 shares during the period. RFG Advisory LLC boosted its position in NVIDIA by 13.0% during the 4th quarter. RFG Advisory LLC now owns 209,043 shares of the computer hardware maker’s stock valued at $28,072,000 after purchasing an additional 24,079 shares during the period. Private Capital Advisors Inc. lifted its stake in NVIDIA by 2.7% in the fourth quarter. Private Capital Advisors Inc. now owns 153,317 shares of the computer hardware maker’s stock valued at $20,589,000 after buying an additional 4,038 shares during the last quarter. Finally, TABR Capital Management LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $1,731,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Tuesday, January 7th. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. Robert W. Baird lifted their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Citigroup increased their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Stock Up 2.6 %

NASDAQ:NVDA opened at $138.85 on Friday. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.64, a PEG ratio of 1.62 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $134.52 and its 200 day moving average price is $130.07.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 93.6% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is currently 1.57%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.