Clay Northam Wealth Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Clay Northam Wealth Management LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,760 shares of the computer hardware maker’s stock after acquiring an additional 248 shares during the period. NVIDIA comprises about 2.7% of Clay Northam Wealth Management LLC’s holdings, making the stock its 11th largest holding. Clay Northam Wealth Management LLC’s holdings in NVIDIA were worth $4,131,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Christopher J. Hasenberg Inc bought a new position in NVIDIA in the 3rd quarter worth $27,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at $34,000. West Financial Advisors LLC purchased a new position in shares of NVIDIA in the 3rd quarter valued at $36,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter worth $40,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the business’s 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 transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by insiders.

NVIDIA Stock Down 8.7 %

Shares of NASDAQ:NVDA opened at $114.06 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 company has a 50 day moving average of $133.68 and a two-hundred day moving average of $132.06. The company has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth 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.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) 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 business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. 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 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVDA. Truist Financial boosted their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays boosted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, UBS Group increased their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

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.