1,673 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Global Strategic Investment Solutions LLC

Financial News Live · Mar 29, 2023 06:12

Global Strategic Investment Solutions LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) in the fourth quarter, HoldingsChannel reports. The firm bought 1,673 shares of the computer hardware maker's stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GoalVest Advisory LLC lifted its position in NVIDIA by 124.1% during the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker's stock valued at $28,000 after purchasing an additional 108 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker's stock valued at $30,000 after purchasing an additional 179 shares during the last quarter. FSC Wealth Advisors LLC lifted its position in NVIDIA by 313.6% during the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker's stock valued at $33,000 after purchasing an additional 207 shares during the last quarter. Paragon Wealth Strategies LLC bought a new position in NVIDIA during the third quarter valued at $36,000. Finally, Lumature Wealth Partners LLC lifted its position in NVIDIA by 396.8% during the third quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker's stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of NVIDIA from $275.00 to $320.00 and gave the company an "overweight" rating in a research note on Wednesday, March 22nd. Bank of America increased their target price on shares of NVIDIA from $275.00 to $310.00 in a research note on Tuesday, March 21st. Piper Sandler increased their target price on shares of NVIDIA from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, February 22nd. Wedbush reissued a "neutral" rating and issued a $216.00 target price on shares of NVIDIA in a research note on Thursday, March 16th. Finally, Westpark Capital began coverage on shares of NVIDIA in a research note on Wednesday, March 22nd. They issued a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.72.

NVIDIA Trading Down 1.2 %

NASDAQ:NVDA traded down $3.18 during mid-day trading on Tuesday, reaching $262.13. The company's stock had a trading volume of 17,032,356 shares, compared to its average volume of 50,369,043. The stock has a market cap of $647.46 billion, a P/E ratio of 152.48, a P/E/G ratio of 4.75 and a beta of 1.76. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $289.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The company's fifty day simple moving average is $223.09 and its two-hundred day simple moving average is $172.51.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $1.14 EPS. NVIDIA's revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Co. will post 3.22 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.06%. The ex-dividend date is Tuesday, March 7th. NVIDIA's payout ratio is 9.20%.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the company's stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $229.29, for a total value of $1,375,740.00. Following the transaction, the chief financial officer now directly owns 561,401 shares of the company's stock, valued at approximately $128,723,635.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 45,000 shares of the firm's stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $164.70, for a total value of $7,411,500.00. Following the completion of the sale, the director now owns 1,190,888 shares in the company, valued at approximately $196,139,253.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 6,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the transaction, the chief financial officer now directly owns 561,401 shares of the company's stock, valued at $128,723,635.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 232,773 shares of company stock valued at $41,275,700. Company insiders own 4.04% of the company's stock.

NVIDIA Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.