NVIDIA Co. (NASDAQ:NVDA) is Alta Wealth Advisors LLC’s 5th Largest Position

Alta Wealth Advisors LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,947 shares of the computer hardware maker’s stock after buying an additional 2,193 shares during the quarter. NVIDIA accounts for 4.1% of Alta Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. Alta Wealth Advisors LLC’s holdings in NVIDIA were worth $9,259,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its holdings in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after purchasing an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA in the 2nd quarter valued at about $31,000. Beck Bode LLC boosted its stake in shares of NVIDIA by 698.5% in the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock valued at $22,591,000 after buying an additional 159,966 shares during the period. DSM Capital Partners LLC grew its position in shares of NVIDIA by 592.7% during the second quarter. DSM Capital Partners LLC now owns 6,864,047 shares of the computer hardware maker’s stock worth $847,984,000 after buying an additional 5,873,143 shares in the last quarter. Finally, DSC Advisors L.P. increased its stake in shares of NVIDIA by 701.2% during the second quarter. DSC Advisors L.P. now owns 2,580 shares of the computer hardware maker’s stock worth $319,000 after buying an additional 2,258 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NVDA. Needham & Company LLC lifted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. TD Cowen boosted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Phillip Securities reissued an “accumulate” rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Finally, Redburn Atlantic assumed coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They set 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 one has issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $168.21.

NVIDIA Stock Up 3.7 %

NVDA stock opened at $131.28 on Thursday. The stock has a market capitalization of $3.22 trillion, a P/E ratio of 51.66, a PEG ratio of 1.76 and a beta of 1.62. The company has a 50 day moving average price of $134.60 and a two-hundred day moving average price of $131.89. NVIDIA Co. has a one year low of $75.61 and a one year 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.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The shares were 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 $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Company insiders own 4.23% of the company’s stock.

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.