BSW Wealth Partners Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

BSW Wealth Partners lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 76,544 shares of the computer hardware maker’s stock after buying an additional 6,502 shares during the period. NVIDIA accounts for approximately 1.5% of BSW Wealth Partners’ portfolio, making the stock its 12th largest holding. BSW Wealth Partners’ holdings in NVIDIA were worth $10,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Falcon Wealth Planning grew its holdings in NVIDIA by 12.6% during the 4th quarter. Falcon Wealth Planning now owns 38,057 shares of the computer hardware maker’s stock valued at $5,111,000 after purchasing an additional 4,269 shares in the last quarter. Aspire Capital Advisors LLC boosted its stake in NVIDIA by 1.6% during the 4th quarter. Aspire Capital Advisors LLC now owns 12,419 shares of the computer hardware maker’s stock valued at $1,668,000 after acquiring an additional 200 shares during the last quarter. Stonegate Investment Group LLC lifted its position in shares of NVIDIA by 7.3% in the 4th quarter. Stonegate Investment Group LLC now owns 151,844 shares of the computer hardware maker’s stock worth $20,391,000 after buying an additional 10,327 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of NVIDIA by 5.1% in the 4th quarter. Perigon Wealth Management LLC now owns 1,785,874 shares of the computer hardware maker’s stock worth $238,539,000 after buying an additional 86,608 shares during the last quarter. Finally, Proathlete Wealth Management LLC lifted its position in shares of NVIDIA by 8.1% in the 4th quarter. Proathlete Wealth Management LLC now owns 17,541 shares of the computer hardware maker’s stock worth $2,356,000 after buying an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. Melius Research raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Loop Capital reiterated a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Mizuho raised their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. UBS Group lifted their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Bank of America reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.21.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on 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 sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $134.35 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a twelve month low of $74.22 and a twelve month high of $153.13. The business has a 50-day moving average price of $134.66 and a 200-day moving average price of $131.33.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

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.