Clay Northam Wealth Management LLC Buys 248 Shares of NVIDIA Co. (NASDAQ:NVDA)

Clay Northam Wealth Management LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,760 shares of the computer hardware maker’s stock after buying an additional 248 shares during the quarter. NVIDIA accounts for about 2.7% of Clay Northam Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Clay Northam Wealth Management LLC’s holdings in NVIDIA were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted 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 period. Cavalry Management Group LLC boosted its holdings in shares of NVIDIA by 785.2% in the 2nd quarter. Cavalry Management Group LLC now owns 4,532 shares of the computer hardware maker’s stock worth $560,000 after buying an additional 4,020 shares during the last quarter. Anchor Investment Management LLC grew its position in NVIDIA by 1,087.9% during the second quarter. Anchor Investment Management LLC now owns 72,927 shares of the computer hardware maker’s stock valued at $9,009,000 after buying an additional 66,788 shares during the period. Centaurus Financial Inc. boosted its stake in NVIDIA by 1,212.7% in the second quarter. Centaurus Financial Inc. now owns 234,261 shares of the computer hardware maker’s stock valued at $28,941,000 after acquiring an additional 216,415 shares during the last quarter. Finally, Greater Midwest Financial Group LLC raised its holdings in shares of NVIDIA by 995.6% in the 2nd quarter. Greater Midwest Financial Group LLC now owns 3,725 shares of the computer hardware maker’s stock worth $440,000 after purchasing an additional 3,385 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,107,632 shares of company stock worth $146,405,286. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $114.06 on Tuesday. 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 12 month low of $75.61 and a 12 month high of $153.13. The stock has a 50 day moving average of $133.68 and a 200 day moving average of $132.06. The firm has a market cap of $2.78 trillion, a PE ratio of 44.89, a PEG ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Redburn Atlantic started coverage on NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Bank of America raised their target price on shares of NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus raised their price target on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Truist Financial upped their price objective on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.62.

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.