Jacksonville Wealth Management LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Jacksonville Wealth Management LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 73,138 shares of the computer hardware maker’s stock, valued at approximately $9,822,000. NVIDIA makes up about 9.2% of Jacksonville Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of NVIDIA by 1.3% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 22,624 shares of the computer hardware maker’s stock worth $3,014,000 after purchasing an additional 282 shares during the period. Juncture Wealth Strategies LLC grew its position in shares of NVIDIA by 6.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 10,710 shares of the computer hardware maker’s stock valued at $1,438,000 after buying an additional 640 shares during the last quarter. Insight Inv LLC acquired a new stake in NVIDIA during the fourth quarter worth about $315,000. Stewardship Advisors LLC lifted its holdings in NVIDIA by 22.0% in the fourth quarter. Stewardship Advisors LLC now owns 7,750 shares of the computer hardware maker’s stock worth $1,041,000 after acquiring an additional 1,397 shares during the last quarter. Finally, Grange Capital LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $3,375,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 2.6 %

NVIDIA stock opened at $138.85 on Tuesday. The company has a 50 day moving average price of $134.52 and a 200 day moving average price of $130.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52 week low of $66.25 and a 52 week high of $153.13. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.64, a P/E/G ratio of 1.62 and a beta of 1.62.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Bank of America restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Stifel Nicolaus upped their price target on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Citigroup upped their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen lifted their price target on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $168.21.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction 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 of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last ninety days. 4.23% of the stock is currently owned by insiders.

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.