Beaird Harris Wealth Management LLC Has $2.83 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Beaird Harris Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 32.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,263 shares of the computer hardware maker’s stock after acquiring an additional 5,740 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in NVIDIA were worth $2,825,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NVDA. Ironwood Wealth Management LLC. boosted its position in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. boosted its position in shares of NVIDIA by 900.0% during the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after acquiring an additional 3,240 shares in the last quarter. Tobam boosted its position in shares of NVIDIA by 811.4% during the 2nd quarter. Tobam now owns 41,489 shares of the computer hardware maker’s stock valued at $5,126,000 after acquiring an additional 36,937 shares in the last quarter. Hudson Value Partners LLC boosted its position in shares of NVIDIA by 845.9% during the 2nd quarter. Hudson Value Partners LLC now owns 34,675 shares of the computer hardware maker’s stock valued at $4,284,000 after acquiring an additional 31,009 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its position in shares of NVIDIA by 967.2% during the 2nd quarter. Modera Wealth Management LLC now owns 115,348 shares of the computer hardware maker’s stock valued at $14,250,000 after acquiring an additional 104,540 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA 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 completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NVDA shares. TD Cowen lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Wednesday, January 8th. Robert W. Baird lifted 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. Benchmark reissued a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. Finally, HSBC cut their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

NVIDIA Stock Performance

Shares of NVDA opened at $147.07 on Thursday. The company has a market cap of $3.60 trillion, a price-to-earnings ratio of 57.88, a P/E/G ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a 12 month low of $58.58 and a 12 month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $138.69 and its two-hundred day simple moving average is $129.22.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. Research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.