Wealth Management Strategies Inc. Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Wealth Management Strategies Inc. bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,520 shares of the computer hardware maker's stock, valued at approximately $338,000. NVIDIA makes up approximately 0.3% of Wealth Management Strategies Inc.'s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP lifted its holdings in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares in the last quarter. Waddell & Associates LLC boosted its position in NVIDIA by 1.2% in the 4th 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 during the last quarter. Strategy Asset Managers LLC increased its stake in shares of NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after buying an additional 405 shares during the period. Finally, Ethos Financial Group LLC increased its stake in shares of NVIDIA by 24.1% in 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 period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVDA. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. TD Cowen upped their target price 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. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.66.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred 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 directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock valued at $172,973,349 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 1.2%

Shares of NASDAQ:NVDA traded up $1.73 during mid-day trading on Friday, reaching $141.72. 153,481,622 shares of the stock were exchanged, compared to its average volume of 280,663,387. The stock's 50 day simple moving average is $117.82 and its 200-day simple moving average is $126.42. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company has a market cap of $3.46 trillion, a P/E ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.