Lighthouse Wealth Management Inc. Makes New $1.33 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Lighthouse Wealth Management Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,905 shares of the computer hardware maker’s stock, valued at approximately $1,330,000. NVIDIA accounts for about 1.2% of Lighthouse Wealth Management Inc.’s holdings, making the stock its 15th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Ironwood Wealth Management LLC. increased its holdings in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of NVIDIA during the second quarter worth about $31,000. Beck Bode LLC grew its stake in shares of NVIDIA by 698.5% in the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock valued at $22,591,000 after purchasing an additional 159,966 shares during the last quarter. Optimist Retirement Group LLC boosted its holdings in shares of NVIDIA by 449.9% in the second quarter. Optimist Retirement Group LLC now owns 1,919 shares of the computer hardware maker’s stock valued at $237,000 after acquiring an additional 1,570 shares in the last quarter. Finally, Haverford Financial Services Inc. acquired a new position in NVIDIA during the second quarter worth $3,513,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.6 %

NASDAQ NVDA opened at $140.11 on Friday. The firm’s fifty day simple moving average is $134.66 and its 200-day simple moving average is $130.91. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The company has a market capitalization of $3.43 trillion, a PE ratio of 55.14, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on NVDA. JPMorgan Chase & Co. upped 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. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday, January 27th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. The Goldman Sachs Group raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, January 8th. Four investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.21.

Insider Activity

In other news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were 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 owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % 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 company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

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.