Thrive Wealth Management LLC Purchases 1,737 Shares of NVIDIA Co. (NASDAQ:NVDA)

Thrive Wealth Management LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,298 shares of the computer hardware maker’s stock after purchasing an additional 1,737 shares during the period. NVIDIA accounts for 0.9% of Thrive Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Thrive Wealth Management LLC’s holdings in NVIDIA were worth $4,740,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. lifted its holdings in shares of NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 104 shares during the last quarter. Scott Capital Advisors LLC lifted its holdings in shares of NVIDIA by 4.6% during the 4th quarter. Scott Capital Advisors LLC now owns 13,565 shares of the computer hardware maker’s stock worth $1,807,000 after acquiring an additional 598 shares during the last quarter. Financial Freedom LLC lifted its holdings in shares of NVIDIA by 15.7% during the 4th quarter. Financial Freedom LLC now owns 8,028 shares of the computer hardware maker’s stock worth $1,078,000 after acquiring an additional 1,092 shares during the last quarter. Mechanics Bank Trust Department lifted its holdings in shares of NVIDIA by 1.2% during the 4th quarter. Mechanics Bank Trust Department now owns 90,610 shares of the computer hardware maker’s stock worth $12,168,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of NVIDIA by 54.2% during the 4th quarter. Diversify Wealth Management LLC now owns 220,962 shares of the computer hardware maker’s stock worth $30,031,000 after acquiring an additional 77,699 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In 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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Loop Capital reiterated a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Redburn Atlantic started coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Needham & Company LLC lifted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Trading Up 0.9 %

NASDAQ:NVDA opened at $129.84 on Monday. The company’s 50-day simple moving average is $135.31 and its 200 day simple moving average is $129.44. The firm has a market capitalization of $3.18 trillion, a P/E ratio of 51.10, a PEG ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a one year low of $66.25 and a one year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 firm posted $0.38 earnings per share. The business’s revenue was up 93.6% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

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.