Wealth Group Ltd. Grows Stock Holdings in NVIDIA Corporation $NVDA

Wealth Group Ltd. lifted its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 59.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,446 shares of the computer hardware maker’s stock after purchasing an additional 4,275 shares during the quarter. NVIDIA makes up about 2.1% of Wealth Group Ltd.’s portfolio, making the stock its 25th largest holding. Wealth Group Ltd.’s holdings in NVIDIA were worth $2,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC increased its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA in the 2nd quarter valued at approximately $40,000. Sellwood Investment Partners LLC purchased a new stake in NVIDIA during the 3rd quarter valued at $50,000. EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA in the 2nd quarter worth $54,000. Finally, Bridge Generations Wealth Management LLC bought a new stake in shares of NVIDIA in the 3rd quarter worth $75,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 4.3%

NVDA stock opened at $208.28 on Friday. The company has a market cap of $5.06 trillion, a price-to-earnings ratio of 42.51, a P/E/G ratio of 0.66 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. The business’s 50-day moving average is $184.84 and its two-hundred day moving average is $185.54. NVIDIA Corporation has a fifty-two week low of $104.08 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. During the same period in the previous year, the company posted $0.89 EPS. The business’s quarterly revenue was up 73.2% compared to the same quarter last year. As a group, analysts forecast that NVIDIA Corporation will post 7.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA’s dividend payout ratio is currently 0.82%.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research analyst reports. CICC Research upped their price target on NVIDIA from $228.00 to $240.60 and gave the company an “outperform” rating in a report on Friday, February 27th. Wolfe Research boosted their target price on NVIDIA from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. KeyCorp restated an “overweight” rating and set a $275.00 target price on shares of NVIDIA in a research note on Tuesday, March 17th. Stifel Nicolaus set a $250.00 price target on shares of NVIDIA in a report on Thursday, January 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price target on shares of NVIDIA in a research note on Monday, March 23rd. Four analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and an average target price of $275.25.

Get Our Latest Stock Report on NVIDIA

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 221,682 shares of NVIDIA stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 3,004 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the sale, the director directly owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. The trade was a 16.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 953,976 shares of company stock valued at $171,173,819. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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