Integrity Wealth Solutions LLC Has $5.40 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Integrity Wealth Solutions LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,186 shares of the computer hardware maker’s stock after acquiring an additional 7,171 shares during the period. NVIDIA accounts for approximately 3.0% of Integrity Wealth Solutions LLC’s holdings, making the stock its 7th biggest holding. Integrity Wealth Solutions LLC’s holdings in NVIDIA were worth $5,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. raised its holdings in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in NVIDIA during the second quarter valued at $31,000. Beck Bode LLC lifted its holdings in shares of NVIDIA by 698.5% in the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock worth $22,591,000 after acquiring an additional 159,966 shares during the last quarter. Optimist Retirement Group LLC boosted its stake in shares of NVIDIA by 449.9% during the 2nd quarter. Optimist Retirement Group LLC now owns 1,919 shares of the computer hardware maker’s stock worth $237,000 after purchasing an additional 1,570 shares during the period. Finally, Haverford Financial Services Inc. bought a new position in NVIDIA during the 2nd quarter valued at about $3,513,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NVDA shares. DA Davidson increased their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Mizuho boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Susquehanna increased their target price on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Redburn Atlantic began coverage on NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price for the company. Finally, Tigress Financial upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and upped their price target for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Stock Performance

Shares of NVDA stock opened at $140.11 on Friday. 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 company has a market cap of $3.43 trillion, a PE ratio of 55.14, a PEG ratio of 1.75 and a beta of 1.62. NVIDIA Co. has a 12-month low of $66.25 and a 12-month high of $153.13. The business’s fifty day simple moving average is $134.66 and its 200-day simple moving average is $130.91.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA 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 completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $131,260,000.00. Following the completion of the transaction, 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 in the last 90 days. Insiders own 4.23% of the company’s stock.

About NVIDIA

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.