Clientfirst Wealth Management LLC Makes New $235,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Clientfirst Wealth Management LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,750 shares of the computer hardware maker’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tenon Financial LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $216,000. Mainsail Financial Group LLC raised its holdings in NVIDIA by 3.3% in the fourth quarter. Mainsail Financial Group LLC now owns 10,950 shares of the computer hardware maker’s stock worth $1,471,000 after purchasing an additional 350 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of NVIDIA by 3.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 60,877 shares of the computer hardware maker’s stock worth $8,175,000 after purchasing an additional 1,992 shares in the last quarter. Clarity Wealth Advisors LLC grew its holdings in shares of NVIDIA by 2.5% in the 4th quarter. Clarity Wealth Advisors LLC now owns 58,593 shares of the computer hardware maker’s stock valued at $7,868,000 after buying an additional 1,448 shares during the period. Finally, Seamount Financial Group Inc. increased its position in shares of NVIDIA by 2.1% in the 4th quarter. Seamount Financial Group Inc. now owns 5,463 shares of the computer hardware maker’s stock valued at $734,000 after buying an additional 112 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $112.69 on Monday. The firm has a market capitalization of $2.75 trillion, a PE ratio of 44.35, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company’s 50-day moving average is $131.66 and its 200-day moving average is $131.68. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13.

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

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 issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is 1.36%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock worth $146,405,286 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NVDA shares. Phillip Securities reiterated an “accumulate” rating and set a $160.00 target price (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. TD Cowen raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Evercore ISI raised their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Citigroup upped their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

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.