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

Whalen Wealth Management Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,928 shares of the computer hardware maker’s stock after acquiring an additional 3,177 shares during the quarter. NVIDIA accounts for 3.4% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Whalen Wealth Management Inc.’s holdings in NVIDIA were worth $4,849,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Belmont Capital LLC lifted its position in shares of NVIDIA by 45.1% during the 3rd quarter. Belmont Capital LLC now owns 1,056,003 shares of the computer hardware maker’s stock valued at $128,241,000 after acquiring an additional 328,190 shares during the period. Knuff & Co LLC increased its stake in NVIDIA by 2.1% in the third quarter. Knuff & Co LLC now owns 54,770 shares of the computer hardware maker’s stock valued at $6,651,000 after purchasing an additional 1,110 shares in the last quarter. Lindenwold Advisors INC raised its holdings in shares of NVIDIA by 1.1% during the third quarter. Lindenwold Advisors INC now owns 34,112 shares of the computer hardware maker’s stock valued at $4,143,000 after purchasing an additional 375 shares during the period. Baron Wealth Management LLC boosted its position in shares of NVIDIA by 6.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,942 shares of the computer hardware maker’s stock worth $2,057,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Joseph Group Capital Management bought a new stake in NVIDIA in the 3rd quarter valued at about $610,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NVDA shares. Loop Capital reiterated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Melius Research increased their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI boosted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Susquehanna raised their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, William Blair began coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Up 4.5 %

Shares of NASDAQ NVDA opened at $144.47 on Friday. 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 business has a 50-day moving average of $139.57 and a 200-day moving average of $128.25. The firm has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 56.86, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 12 month low of $47.51 and a 12 month high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Sell-side analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is currently owned by corporate insiders.

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.