Bridgewealth Advisory Group LLC Purchases 10,885 Shares of NVIDIA Co. (NASDAQ:NVDA)

Bridgewealth Advisory Group LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 60.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,768 shares of the computer hardware maker's stock after buying an additional 10,885 shares during the quarter. NVIDIA accounts for approximately 1.1% of Bridgewealth Advisory Group LLC's investment portfolio, making the stock its 26th biggest holding. Bridgewealth Advisory Group LLC's holdings in NVIDIA were worth $3,892,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in NVIDIA during the fourth quarter valued at about $123,000. Voleon Capital Management LP purchased a new position in NVIDIA in the fourth quarter valued at about $87,730,000. Evergreen Wealth Solutions LLC grew its position in shares of NVIDIA by 8.7% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 49,113 shares of the computer hardware maker's stock valued at $6,595,000 after acquiring an additional 3,912 shares during the period. Owen LaRue LLC increased its stake in shares of NVIDIA by 0.6% during the 4th quarter. Owen LaRue LLC now owns 55,989 shares of the computer hardware maker's stock worth $7,519,000 after purchasing an additional 361 shares during the last quarter. Finally, Schwallier Wealth Management LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $323,000. 65.27% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. UBS Group cut their price target on NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Rosenblatt Securities lowered their price objective on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

NVIDIA Trading Down 1.9%

NASDAQ NVDA opened at $131.80 on Thursday. The stock's 50-day simple moving average is $113.31 and its two-hundred day simple moving average is $127.02. The company has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 51.87, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.36%.

NVIDIA 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.

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