BlueSky Wealth Advisors LLC Has $7.16 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

BlueSky Wealth Advisors LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,287 shares of the computer hardware maker’s stock after acquiring an additional 180 shares during the period. NVIDIA accounts for 1.1% of BlueSky Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest holding. BlueSky Wealth Advisors LLC’s holdings in NVIDIA were worth $7,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NVDA. Access Financial Services Inc. boosted its holdings in NVIDIA by 9.0% in the fourth quarter. Access Financial Services Inc. now owns 3,053 shares of the computer hardware maker’s stock worth $410,000 after acquiring an additional 253 shares in the last quarter. Sarasin & Partners LLP raised its stake in shares of NVIDIA by 5.3% in the fourth quarter. Sarasin & Partners LLP now owns 4,539,801 shares of the computer hardware maker’s stock valued at $609,650,000 after buying an additional 230,141 shares during the period. M.E. Allison & CO. Inc. bought a new position in NVIDIA in the 4th quarter worth approximately $840,000. FOCUS Wealth Advisors LLC increased its position in shares of NVIDIA by 110.8% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 21,670 shares of the computer hardware maker’s stock valued at $2,910,000 after buying an additional 11,390 shares during the period. Finally, Thrive Wealth Management LLC boosted its stake in NVIDIA by 5.2% during the fourth quarter. Thrive Wealth Management LLC now owns 35,298 shares of the computer hardware maker’s stock valued at $4,740,000 after buying an additional 1,737 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $129.84 on Monday. The company has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.62 and a beta of 1.62. The business’s fifty day simple moving average is $135.31 and its 200-day simple moving average is $129.44. 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 $66.25 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share 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 given 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 currently 1.57%.

Analysts Set New Price Targets

Several research firms have commented on NVDA. Piper Sandler lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and increased their target price for the stock from $170.00 to $220.00 in a research note on Tuesday, January 28th. Needham & Company LLC raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley decreased their price target on shares of NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target for the company. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $166.23.

Insider Activity at NVIDIA

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

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.