WJ Wealth Management LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

WJ Wealth Management LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)


WJ Wealth Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,720 shares of the computer hardware maker’s stock after purchasing an additional 468 shares during the quarter. NVIDIA makes up approximately 2.5% of WJ Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. WJ Wealth Management LLC’s holdings in NVIDIA were worth $5,804,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after buying an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock valued at $20,022,108,000 after purchasing an additional 1,403,401 shares during the last quarter. Morgan Stanley lifted its stake in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Norges Bank acquired a new position in shares of NVIDIA in the 4th quarter valued at $3,900,874,000. Finally, Northern Trust Corp lifted its stake in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.8 %

NVDA opened at $950.02 on Tuesday. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 79.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 52 week low of $258.50 and a 52 week high of $974.00. The business’s 50 day moving average is $743.67 and its two-hundred day moving average is $562.64. The company has a quick ratio of 3.67, a current ratio of 4.17 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 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 265.3% on a year-over-year basis. On average, research analysts predict that NVIDIA Co. will post 22.4 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVDA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a research note on Tuesday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Stifel Nicolaus reissued a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Oppenheimer increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Finally, Needham & Company LLC increased their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $908.68.

Get Our Latest Stock Report on NVIDIA

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares in the company, valued at approximately $24,696,719.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,774 shares of company stock worth $64,322,528. 3.99% of the stock is currently owned by insiders.

About NVIDIA

(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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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