Signal Advisors Wealth LLC Acquires 23,867 Shares of NVIDIA Co. (NASDAQ:NVDA)

Signal Advisors Wealth LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 58.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 64,812 shares of the computer hardware maker’s stock after acquiring an additional 23,867 shares during the quarter. NVIDIA comprises 1.0% of Signal Advisors Wealth LLC’s holdings, making the stock its 18th biggest holding. Signal Advisors Wealth LLC’s holdings in NVIDIA were worth $8,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ayrshire Capital Management LLC raised its stake in shares of NVIDIA by 13.1% during the 4th quarter. Ayrshire Capital Management LLC now owns 4,358 shares of the computer hardware maker’s stock worth $585,000 after purchasing an additional 505 shares in the last quarter. Shira Ridge Wealth Management raised its position in NVIDIA by 16.9% during the fourth quarter. Shira Ridge Wealth Management now owns 6,330 shares of the computer hardware maker’s stock worth $850,000 after acquiring an additional 914 shares in the last quarter. Professional Financial Advisors LLC bought a new stake in NVIDIA during the fourth quarter worth $210,000. Gleason Group Inc. lifted its stake in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after acquiring an additional 148 shares during the last quarter. Finally, Cullen Investment Group LTD. grew its position in shares of NVIDIA by 0.4% in the 4th quarter. Cullen Investment Group LTD. now owns 112,160 shares of the computer hardware maker’s stock valued at $15,062,000 after acquiring an additional 396 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVDA shares. Truist Financial raised their target price on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley cut their price objective on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday. Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Raymond James lifted their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Barclays increased their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Stock Performance

NASDAQ NVDA opened at $124.75 on Friday. NVIDIA Co. has a fifty-two week low of $60.70 and a fifty-two week high of $153.13. The stock has a market cap of $3.06 trillion, a PE ratio of 49.09, a PEG ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm’s fifty day moving average price is $137.46 and its two-hundred day moving average price is $129.40.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Activity at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last three months. Company 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.