Total Clarity Wealth Management Inc. Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Total Clarity Wealth Management Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,690 shares of the computer hardware maker’s stock after purchasing an additional 715 shares during the quarter. NVIDIA accounts for approximately 1.6% of Total Clarity Wealth Management Inc.’s portfolio, making the stock its 10th largest position. Total Clarity Wealth Management Inc.’s holdings in NVIDIA were worth $5,061,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. grew its position in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after purchasing an additional 5,695 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA in the second quarter worth $31,000. Beck Bode LLC raised its stake in NVIDIA by 698.5% in the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock valued at $22,591,000 after acquiring an additional 159,966 shares during the period. DSM Capital Partners LLC lifted its stake in shares of NVIDIA by 592.7% during the 2nd quarter. DSM Capital Partners LLC now owns 6,864,047 shares of the computer hardware maker’s stock valued at $847,984,000 after buying an additional 5,873,143 shares in the last quarter. Finally, DSC Advisors L.P. boosted its holdings in NVIDIA by 701.2% in the 2nd quarter. DSC Advisors L.P. now owns 2,580 shares of the computer hardware maker’s stock worth $319,000 after buying an additional 2,258 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.7 %

NVDA opened at $131.28 on Thursday. The stock has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 51.66, a PEG ratio of 1.76 and a beta of 1.62. The firm has a 50 day moving average price of $134.60 and a 200-day moving average price of $131.89. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’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 transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were 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 represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock worth $146,405,286 in the last ninety days. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVDA. Mizuho boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Needham & Company LLC raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley restated an “overweight” rating on shares of NVIDIA in a report on Wednesday. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.21.

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.