NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Walker Asset Management LLC

Walker Asset Management LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,661 shares of the computer hardware maker’s stock after acquiring an additional 1,305 shares during the quarter. NVIDIA accounts for approximately 2.8% of Walker Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Walker Asset Management LLC’s holdings in NVIDIA were worth $4,520,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. boosted its stake in shares of NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. lifted its holdings in NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after acquiring an additional 3,240 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA in the second quarter worth $31,000. Lloyd Advisory Services LLC. grew its stake in NVIDIA by 89.8% in the 2nd quarter. Lloyd Advisory Services LLC. now owns 12,064 shares of the computer hardware maker’s stock valued at $1,490,000 after purchasing an additional 5,709 shares during the period. Finally, Lake Street Advisors Group LLC increased its position in shares of NVIDIA by 916.6% during the 2nd quarter. Lake Street Advisors Group LLC now owns 320,017 shares of the computer hardware maker’s stock valued at $39,535,000 after purchasing an additional 288,538 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 5.1 %

Shares of NASDAQ NVDA opened at $124.76 on Thursday. The company has a market cap of $3.06 trillion, a PE ratio of 49.10, a P/E/G ratio of 2.16 and a beta of 1.62. 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 firm’s 50 day moving average price is $135.83 and its 200-day moving average price is $129.39. NVIDIA Co. has a 52-week low of $66.25 and a 52-week 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, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 1.57%.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were 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 owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday, January 8th. Morgan Stanley lowered their price target on shares of NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Evercore ISI raised their target price on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, TD Cowen upped their price target on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

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.