NVIDIA Co. (NASDAQ:NVDA) is GPS Wealth Strategies Group LLC’s Largest Position

GPS Wealth Strategies Group LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 520,914 shares of the computer hardware maker’s stock after buying an additional 8,804 shares during the quarter. NVIDIA makes up 9.0% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its largest position. GPS Wealth Strategies Group LLC’s holdings in NVIDIA were worth $69,954,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NVDA. Ironwood Wealth Management LLC. lifted its position in NVIDIA by 896.9% during the second 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 in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA during the second quarter valued at approximately $31,000. Fiera Capital Corp lifted its position in NVIDIA by 768.0% during the second quarter. Fiera Capital Corp now owns 57,676 shares of the computer hardware maker’s stock valued at $7,125,000 after buying an additional 51,031 shares in the last quarter. Senator Investment Group LP lifted its position in NVIDIA by 650.0% during the second quarter. Senator Investment Group LP now owns 150,000 shares of the computer hardware maker’s stock valued at $18,531,000 after buying an additional 130,000 shares in the last quarter. Finally, Next Capital Management LLC raised its stake in shares of NVIDIA by 768.4% during the second quarter. Next Capital Management LLC now owns 9,440 shares of the computer hardware maker’s stock valued at $1,166,000 after purchasing an additional 8,353 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 3.9 %

NVDA opened at $124.81 on Friday. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. 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 stock has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 49.12, a P/E/G ratio of 1.76 and a beta of 1.62. The business has a 50 day moving average of $134.19 and a 200-day moving average of $132.03.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Insider Activity 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 stock was 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 in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NVDA shares. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. UBS Group boosted their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Melius Research upped their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Bank of America upped their price target on shares of NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.62.

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.