Boyd Wealth Management LLC Purchases 1,431 Shares of NVIDIA Co. (NASDAQ:NVDA)

Boyd Wealth Management LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 84.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,131 shares of the computer hardware maker’s stock after buying an additional 1,431 shares during the period. Boyd Wealth Management LLC’s holdings in NVIDIA were worth $420,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NVDA. Clarity Financial LLC boosted its stake in NVIDIA by 35.6% in the 4th quarter. Clarity Financial LLC now owns 198,397 shares of the computer hardware maker’s stock valued at $26,643,000 after buying an additional 52,111 shares in the last quarter. Cypress Capital Management LLC WY increased its holdings in shares of NVIDIA by 4,501.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 10,353 shares of the computer hardware maker’s stock valued at $1,390,000 after purchasing an additional 10,128 shares in the last quarter. Strategic Wealth Investment Group LLC lifted its stake in shares of NVIDIA by 1.2% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 200,727 shares of the computer hardware maker’s stock valued at $26,956,000 after acquiring an additional 2,341 shares during the period. Cyr Financial Inc. grew its position in shares of NVIDIA by 2.3% during the 4th quarter. Cyr Financial Inc. now owns 5,908 shares of the computer hardware maker’s stock worth $793,000 after buying an additional 133 shares during the period. Finally, Dumont & Blake Investment Advisors LLC lifted its stake in shares of NVIDIA by 1.3% in the 4th quarter. Dumont & Blake Investment Advisors LLC now owns 13,363 shares of the computer hardware maker’s stock valued at $1,794,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $126.63 on Wednesday. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. 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 company has a market capitalization of $3.10 trillion, a P/E ratio of 49.83, a PEG ratio of 1.76 and a beta of 1.62. The company has a fifty day moving average price of $134.55 and a 200-day moving average price of $131.89.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVDA shares. Piper Sandler boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Phillip Securities reaffirmed an “accumulate” rating and issued a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Redburn Atlantic began coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective for the company. Citigroup increased their price target on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.21.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the firm’s 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by company 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.