NVIDIA Co. (NASDAQ:NVDA) Position Boosted by Abel Hall LLC

Abel Hall LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,373 shares of the computer hardware maker’s stock after buying an additional 655 shares during the period. NVIDIA accounts for 2.4% of Abel Hall LLC’s portfolio, making the stock its 8th biggest position. Abel Hall LLC’s holdings in NVIDIA were worth $3,810,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Synergy Asset Management LLC boosted its position in shares of NVIDIA by 110.3% during the fourth quarter. Synergy Asset Management LLC now owns 568,698 shares of the computer hardware maker’s stock valued at $74,094,000 after purchasing an additional 298,218 shares in the last quarter. Enzi Wealth boosted its position in shares of NVIDIA by 3.3% during the fourth quarter. Enzi Wealth now owns 16,232 shares of the computer hardware maker’s stock valued at $2,387,000 after purchasing an additional 513 shares in the last quarter. Baron Wealth Management LLC boosted its position in shares of NVIDIA by 5.1% during the fourth quarter. Baron Wealth Management LLC now owns 17,807 shares of the computer hardware maker’s stock valued at $2,391,000 after purchasing an additional 865 shares in the last quarter. Baring Financial LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $1,412,000. Finally, Highland Capital Management LLC boosted its position in shares of NVIDIA by 5.6% during the fourth quarter. Highland Capital Management LLC now owns 343,550 shares of the computer hardware maker’s stock valued at $46,135,000 after purchasing an additional 18,183 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NVDA. Loop Capital restated a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Piper Sandler boosted their target price on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Melius Research boosted their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Redburn Atlantic initiated coverage on NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Finally, Morgan Stanley dropped their target price on NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $168.21.

NVIDIA Stock Performance

Shares of NVDA opened at $130.28 on Tuesday. 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 business has a 50-day simple moving average of $134.63 and a two-hundred day simple moving average of $131.74. The stock has a market cap of $3.19 trillion, a price-to-earnings ratio of 51.27, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 3,902,888 shares of the company’s stock, 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. Insiders sold a total of 1,107,632 shares of company stock worth $146,405,286 over the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA 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.