TriaGen Wealth Management LLC Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

TriaGen Wealth Management LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 56.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,897 shares of the computer hardware maker’s stock after purchasing an additional 36,879 shares during the period. NVIDIA comprises 4.6% of TriaGen Wealth Management LLC’s holdings, making the stock its 2nd largest position. TriaGen Wealth Management LLC’s holdings in NVIDIA were worth $13,684,000 as of its most recent filing with the Securities and Exchange Commission.

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

NVIDIA Price Performance

NVIDIA stock opened at $131.28 on Thursday. 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 Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The stock has a market capitalization of $3.22 trillion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The stock has a fifty day moving average of $134.60 and a 200-day moving average of $131.89.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insider Activity

In other news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’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 completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Monday. Needham & Company LLC raised their target price on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Raymond James boosted their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Finally, UBS Group increased their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.21.

NVIDIA 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.