Apollon Wealth Management LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

Apollon Wealth Management LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,133,148 shares of the computer hardware maker’s stock after buying an additional 136,498 shares during the quarter. NVIDIA makes up approximately 3.5% of Apollon Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Apollon Wealth Management LLC’s holdings in NVIDIA were worth $152,170,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NVDA. Byrne Asset Management LLC grew its position in shares of NVIDIA by 3.3% in the 4th quarter. Byrne Asset Management LLC now owns 28,225 shares of the computer hardware maker’s stock valued at $3,790,000 after buying an additional 893 shares during the last quarter. Apollon Financial LLC increased its position in shares of NVIDIA by 2.5% during the fourth quarter. Apollon Financial LLC now owns 215,558 shares of the computer hardware maker’s stock worth $28,947,000 after buying an additional 5,209 shares during the period. TFG Advisers LLC lifted its holdings in NVIDIA by 0.7% in the fourth quarter. TFG Advisers LLC now owns 69,044 shares of the computer hardware maker’s stock valued at $9,272,000 after buying an additional 447 shares during the period. SC&H Financial Advisors Inc. grew its holdings in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after acquiring an additional 80 shares during the period. Finally, Clientfirst Wealth Management LLC bought a new position in shares of NVIDIA in the 4th quarter worth about $235,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $112.69 on Monday. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The company has a market capitalization of $2.75 trillion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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’s 50-day moving average is $131.66 and its 200 day moving average is $131.68.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last ninety days. Company insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. HSBC decreased their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Finally, Benchmark restated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.69.

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.