Next Level Wealth Planning LLC Makes New $1.25 Million Investment in NVIDIA Co. (NASDAQ:NVDA)

Next Level Wealth Planning LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, HoldingsChannel reports. The firm bought 9,302 shares of the computer hardware maker’s stock, valued at approximately $1,249,000. NVIDIA makes up approximately 1.0% of Next Level Wealth Planning LLC’s holdings, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the fourth quarter worth $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter valued at $40,000. DHJJ Financial Advisors Ltd. raised its position 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 during the last quarter. Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. grew its position in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after purchasing an additional 248 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $117.52 on Thursday. The firm’s fifty day moving average price is $127.71 and its 200 day moving average price is $131.12. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.87 trillion, a price-to-earnings ratio of 46.25, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NVDA. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Wednesday. Finally, Mizuho reduced their price target on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.76.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following 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 trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,449 shares of company stock valued at $11,960,727 in the last 90 days. 4.23% of the stock is currently owned by 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.