NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,122 shares of the computer hardware maker’s stock after purchasing an additional 875 shares during the period. NVIDIA comprises about 2.6% of Kolinsky Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Kolinsky Wealth Management LLC’s holdings in NVIDIA were worth $4,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harvard Management Co. Inc. increased its position in shares of NVIDIA by 37.9% during the third quarter. Harvard Management Co. Inc. now owns 947,831 shares of the computer hardware maker’s stock worth $115,105,000 after acquiring an additional 260,381 shares during the period. Point72 Europe London LLP increased its holdings in NVIDIA by 71.1% during the 3rd quarter. Point72 Europe London LLP now owns 274,506 shares of the computer hardware maker’s stock worth $33,336,000 after purchasing an additional 114,076 shares during the period. JAT Capital Mgmt LP raised its position in NVIDIA by 206.8% in the 3rd quarter. JAT Capital Mgmt LP now owns 287,717 shares of the computer hardware maker’s stock valued at $34,940,000 after purchasing an additional 193,927 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of NVIDIA by 12.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,066,936 shares of the computer hardware maker’s stock valued at $2,072,609,000 after buying an additional 1,935,228 shares during the period. Finally, Aragon Global Management LP grew its position in shares of NVIDIA by 15.8% during the third quarter. Aragon Global Management LP now owns 158,425 shares of the computer hardware maker’s stock worth $19,239,000 after buying an additional 21,625 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA 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 sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last three months. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 1.1 %

NVDA opened at $131.76 on Wednesday. The company has a market cap of $3.23 trillion, a P/E ratio of 51.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The company has a fifty day moving average price of $139.68 and a two-hundred day moving average price of $128.82. 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 1-year low of $54.74 and a 1-year high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue was up 93.6% on a year-over-year basis. Analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Wednesday, January 8th. Robert W. Baird increased their price objective on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. UBS Group boosted their target price on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.27.

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.