Asset Allocation Strategies LLC Purchases 1,915 Shares of NVIDIA Co. (NASDAQ:NVDA)

Asset Allocation Strategies LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 38.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,944 shares of the computer hardware maker’s stock after acquiring an additional 1,915 shares during the period. Asset Allocation Strategies LLC’s holdings in NVIDIA were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Chiron Investment Management LLC boosted its holdings in shares of NVIDIA by 2.3% during the third quarter. Chiron Investment Management LLC now owns 111,878 shares of the computer hardware maker’s stock worth $13,586,000 after acquiring an additional 2,561 shares during the period. Brown Financial Advisors raised its position in NVIDIA by 16.4% during the 3rd quarter. Brown Financial Advisors now owns 34,822 shares of the computer hardware maker’s stock worth $4,229,000 after purchasing an additional 4,899 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in NVIDIA by 13.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 630,057 shares of the computer hardware maker’s stock worth $78,339,000 after acquiring an additional 72,548 shares during the period. Gould Capital LLC grew its holdings in NVIDIA by 10.7% during the 3rd quarter. Gould Capital LLC now owns 2,563 shares of the computer hardware maker’s stock worth $311,000 after acquiring an additional 247 shares during the period. Finally, Strait & Sound Wealth Management LLC grew its stake in shares of NVIDIA by 17.8% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 77,577 shares of the computer hardware maker’s stock valued at $9,421,000 after buying an additional 11,711 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James lifted their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Mizuho lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Redburn Atlantic initiated coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Susquehanna lifted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.63.

NVIDIA Stock Up 2.3 %

Shares of NVIDIA stock opened at $140.83 on Wednesday. The company has a market cap of $3.45 trillion, a P/E ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a 52-week low of $58.58 and a 52-week high of $153.13. 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 firm’s 50 day moving average price is $138.84 and its 200-day moving average price is $129.11.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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 company 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 earned $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. 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 dividend payout ratio is currently 1.57%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following 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 trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. 4.23% of the stock is currently owned by insiders.

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.