Gen Wealth Partners Inc Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Gen Wealth Partners Inc lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 230.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,160 shares of the computer hardware maker's stock after acquiring an additional 7,780 shares during the quarter. Gen Wealth Partners Inc's holdings in NVIDIA were worth $1,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hickory Point Bank & Trust purchased a new position in NVIDIA during the fourth quarter valued at $2,272,000. Capital Performance Advisors LLP lifted its holdings in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares in the last quarter. Waddell & Associates LLC lifted its holdings in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares in the last quarter. Strategy Asset Managers LLC lifted its holdings in NVIDIA by 0.8% during the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after purchasing an additional 405 shares in the last quarter. Finally, Ethos Financial Group LLC lifted its stake in shares of NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after buying an additional 6,241 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVDA. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. DA Davidson decreased their price target on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.

NVIDIA Stock Down 0.5%

NVIDIA stock traded down $0.69 during trading on Wednesday, reaching $134.81. The stock had a trading volume of 290,644,109 shares, compared to its average volume of 288,583,015. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The business has a 50 day moving average price of $114.51 and a 200 day moving average price of $126.60. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.30 trillion, a PE ratio of 53.05, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

About NVIDIA

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.