WealthPlan Investment Management LLC Has $11.12 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

WealthPlan Investment Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 97.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,563 shares of the computer hardware maker’s stock after purchasing an additional 45,231 shares during the quarter. NVIDIA comprises 1.1% of WealthPlan Investment Management LLC’s portfolio, making the stock its 24th biggest holding. WealthPlan Investment Management LLC’s holdings in NVIDIA were worth $11,119,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GSA Capital Partners LLP grew its position in NVIDIA by 142.9% in the 3rd quarter. GSA Capital Partners LLP now owns 52,598 shares of the computer hardware maker’s stock worth $6,388,000 after purchasing an additional 30,940 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of NVIDIA by 0.7% in the third quarter. Harbour Investments Inc. now owns 218,989 shares of the computer hardware maker’s stock valued at $26,594,000 after purchasing an additional 1,523 shares in the last quarter. Apollon Wealth Management LLC lifted its position in NVIDIA by 10.1% in the third quarter. Apollon Wealth Management LLC now owns 996,650 shares of the computer hardware maker’s stock worth $121,033,000 after purchasing an additional 91,591 shares during the period. Vestia Personal Wealth Advisors boosted its stake in NVIDIA by 38.8% during the third quarter. Vestia Personal Wealth Advisors now owns 3,731 shares of the computer hardware maker’s stock worth $453,000 after buying an additional 1,042 shares in the last quarter. Finally, Investment Management Associates Inc. ADV bought a new position in NVIDIA during the third quarter worth about $368,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 2.1 %

Shares of NVIDIA stock opened at $137.01 on Friday. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $139.97 and its 200-day moving average is $127.90. The stock has a market cap of $3.36 trillion, a P/E ratio of 53.92, a P/E/G ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last posted 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the company posted $0.38 earnings per share. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. Equities research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Susquehanna upped their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their target price 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. Benchmark raised their price target on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Loop Capital restated a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $164.15.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 125,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the completion of the sale, the director now directly owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. The trade was a 1.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,351,886 shares of company stock worth $176,825,650. Insiders own 4.23% of the company’s stock.

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.