Heck Capital Advisors LLC Purchases New Holdings in NVIDIA Co. (NASDAQ:NVDA)

Heck Capital Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,452 shares of the computer hardware maker’s stock, valued at approximately $8,252,000.

Several other hedge funds have also recently modified their holdings of the stock. TriaGen Wealth Management LLC raised its position in NVIDIA by 56.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 101,897 shares of the computer hardware maker’s stock worth $13,684,000 after buying an additional 36,879 shares during the last quarter. GFS Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth about $2,871,000. Turtle Creek Wealth Advisors LLC increased its stake in shares of NVIDIA by 10.1% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 79,396 shares of the computer hardware maker’s stock worth $10,662,000 after acquiring an additional 7,311 shares during the period. Southern Capital Advisors LLC raised its holdings in NVIDIA by 4.7% during the fourth quarter. Southern Capital Advisors LLC now owns 4,760 shares of the computer hardware maker’s stock worth $639,000 after purchasing an additional 215 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC boosted its holdings in NVIDIA by 1.5% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 34,155 shares of the computer hardware maker’s stock valued at $4,587,000 after purchasing an additional 516 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $131.28 on Thursday. The company has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 51.66, a PEG ratio of 1.76 and a beta of 1.62. 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 Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The business has a 50-day moving average of $134.60 and a 200-day moving average of $131.89.

NVIDIA Announces Dividend

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

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % 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, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock worth $146,405,286 over the last 90 days. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NVDA shares. Susquehanna increased their target price on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Piper Sandler increased their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Bank of America reiterated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Phillip Securities reissued an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.21.

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.