NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Activest Wealth Management

Activest Wealth Management increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,428 shares of the computer hardware maker’s stock after buying an additional 1,077 shares during the period. NVIDIA comprises approximately 2.3% of Activest Wealth Management’s holdings, making the stock its 13th biggest position. Activest Wealth Management’s holdings in NVIDIA were worth $8,249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA during the 3rd quarter worth about $27,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. raised its holdings in shares of NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares in the last quarter. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The shares were 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 owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were 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 approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock worth $146,405,286 in the last ninety days. 4.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. Truist Financial boosted their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley restated an “overweight” rating and set a $162.00 price target (up previously from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. Barclays boosted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. TD Cowen boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report 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 given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $171.69.

NVIDIA Price Performance

NASDAQ NVDA opened at $108.76 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $130.54 and a 200 day simple moving average of $131.42. The company has a market cap of $2.65 trillion, a P/E ratio of 42.80, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

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.