Guided Capital Wealth Management LLC Invests $2.45 Million in NVIDIA Co. (NASDAQ:NVDA)

Guided Capital Wealth Management LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,220 shares of the computer hardware maker’s stock, valued at approximately $2,447,000. NVIDIA comprises 2.2% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 13th biggest position.

Several other institutional investors also recently bought and sold shares of NVDA. Portfolio Design Labs LLC boosted its stake in NVIDIA by 18.4% during the fourth quarter. Portfolio Design Labs LLC now owns 180,049 shares of the computer hardware maker’s stock valued at $24,179,000 after buying an additional 27,934 shares during the last quarter. Fishman Jay A Ltd. MI raised its holdings in shares of NVIDIA by 12.9% during the 4th quarter. Fishman Jay A Ltd. MI now owns 239,898 shares of the computer hardware maker’s stock worth $32,216,000 after acquiring an additional 27,498 shares in the last quarter. Fortress Financial Solutions LLC bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $1,313,000. Augustine Asset Management Inc. grew its holdings in shares of NVIDIA by 9.8% in the fourth quarter. Augustine Asset Management Inc. now owns 10,563 shares of the computer hardware maker’s stock valued at $1,419,000 after purchasing an additional 944 shares in the last quarter. Finally, Shaker Investments LLC OH increased its position in NVIDIA by 21.9% in the fourth quarter. Shaker Investments LLC OH now owns 81,629 shares of the computer hardware maker’s stock worth $10,962,000 after purchasing an additional 14,680 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVDA. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Robert W. Baird increased their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday, February 27th. Finally, Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Trading Up 5.3 %

Shares of NASDAQ:NVDA opened at $121.67 on Friday. The company has a market capitalization of $2.97 trillion, a PE ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The business’s fifty day simple moving average is $129.26 and its 200-day simple moving average is $131.17.

NVIDIA (NASDAQ:NVDA) last posted its 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. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 given 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 yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,039,125 shares of company stock worth $137,062,338 over the last three months. Corporate insiders own 4.23% of the company’s stock.

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.