Gilliland Jeter Wealth Management LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Gilliland Jeter Wealth Management LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,971 shares of the computer hardware maker’s stock after acquiring an additional 4,469 shares during the period. NVIDIA makes up approximately 6.9% of Gilliland Jeter Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Gilliland Jeter Wealth Management LLC’s holdings in NVIDIA were worth $20,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Live Oak Private Wealth LLC boosted its holdings in shares of NVIDIA by 15.8% in the 4th quarter. Live Oak Private Wealth LLC now owns 8,619 shares of the computer hardware maker’s stock worth $1,157,000 after acquiring an additional 1,173 shares in the last quarter. FFG Partners LLC boosted its holdings in shares of NVIDIA by 168.6% in the 4th quarter. FFG Partners LLC now owns 338,245 shares of the computer hardware maker’s stock worth $45,423,000 after acquiring an additional 212,295 shares in the last quarter. SMART Wealth LLC boosted its holdings in shares of NVIDIA by 289.5% in the 4th quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker’s stock worth $9,711,000 after acquiring an additional 53,747 shares in the last quarter. Lodestar Private Asset Management LLC boosted its holdings in shares of NVIDIA by 1.3% in the 4th quarter. Lodestar Private Asset Management LLC now owns 20,923 shares of the computer hardware maker’s stock worth $2,810,000 after acquiring an additional 264 shares in the last quarter. Finally, Fairvoy Private Wealth LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $4,478,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,107,632 shares of company stock worth $146,405,286. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NVDA shares. TD Cowen boosted their target price on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their price objective on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Evercore ISI upped their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Finally, HSBC reduced their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have 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 an average target price of $171.69.

NVIDIA Trading Up 1.9 %

NVIDIA stock opened at $112.69 on Friday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $2.75 trillion, a P/E ratio of 44.35, a PEG ratio of 1.76 and a beta of 1.77. The stock has a 50-day simple moving average of $131.66 and a 200 day simple moving average of $131.66.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.