Peak Retirement Planning Inc. Invests $1.28 Million in NVIDIA Co. (NASDAQ:NVDA)

Peak Retirement Planning Inc. bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 9,674 shares of the computer hardware maker's stock, valued at approximately $1,277,000. NVIDIA accounts for about 0.9% of Peak Retirement Planning Inc.'s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds also recently added to or reduced their stakes in NVDA. Hickory Point Bank & Trust purchased a new position in NVIDIA in the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP increased its position in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its stake 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 buying an additional 297 shares in the last quarter. Strategy Asset Managers LLC boosted its holdings in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares during the period. Finally, Ethos Financial Group LLC grew its position in shares of NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after buying an additional 6,241 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Up 1.2%

NASDAQ NVDA traded up $1.73 during trading on Friday, hitting $141.72. The stock had a trading volume of 153,481,622 shares, compared to its average volume of 280,663,387. The company has a market capitalization of $3.46 trillion, a PE ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. The company's 50-day moving average price is $117.82 and its two-hundred day moving average price is $126.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. Company insiders own 4.17% of the company's stock.

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.