GPS Wealth Strategies Group LLC Acquires 2,532 Shares of NVIDIA Co. (NASDAQ:NVDA)

GPS Wealth Strategies Group LLC Acquires 2,532 Shares of NVIDIA Co. (NASDAQ:NVDA)


GPS Wealth Strategies Group LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,868 shares of the computer hardware maker’s stock after purchasing an additional 2,532 shares during the period. NVIDIA comprises approximately 4.1% of GPS Wealth Strategies Group LLC’s portfolio, making the stock its 6th largest position. GPS Wealth Strategies Group LLC’s holdings in NVIDIA were worth $22,715,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NVDA. North Star Investment Management Corp. grew its stake in NVIDIA by 0.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock worth $3,463,000 after buying an additional 20 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of NVIDIA by 1.0% in the fourth quarter. LS Investment Advisors LLC now owns 2,120 shares of the computer hardware maker’s stock valued at $1,050,000 after acquiring an additional 20 shares during the period. PCA Investment Advisory Services Inc. grew its position in shares of NVIDIA by 2.5% during the third quarter. PCA Investment Advisory Services Inc. now owns 857 shares of the computer hardware maker’s stock worth $373,000 after acquiring an additional 21 shares during the last quarter. IMPACTfolio LLC boosted its stake in shares of NVIDIA by 4.1% during the fourth quarter. IMPACTfolio LLC now owns 529 shares of the computer hardware maker’s stock worth $262,000 after buying an additional 21 shares during the period. Finally, Family Legacy Inc. increased its position in NVIDIA by 4.1% in the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock valued at $241,000 after acquiring an additional 22 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Tigress Financial boosted their target price on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Mizuho increased their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Susquehanna lifted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the company a “positive” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their target price on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Raymond James raised their price target on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

Read Our Latest Analysis on NVIDIA

NVIDIA Stock Up 0.8 %

Shares of NASDAQ NVDA opened at $950.02 on Tuesday. The stock has a fifty day moving average price of $743.67 and a 200 day moving average price of $562.64. The company has a market cap of $2.38 trillion, a P/E ratio of 79.57, a P/E/G ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 12-month low of $258.50 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue was up 265.3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Research analysts anticipate that NVIDIA Co. will post 22.4 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the transaction, the executive vice president now owns 48,360 shares of the company’s stock, valued at $24,180,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now directly owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,774 shares of company stock worth $64,322,528. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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