Wall Street Financial Group Inc. Has $2.01 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Wall Street Financial Group Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 29.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,949 shares of the computer hardware maker’s stock after selling 6,138 shares during the quarter. NVIDIA makes up about 2.0% of Wall Street Financial Group Inc.’s investment portfolio, making the stock its 13th biggest holding. Wall Street Financial Group Inc.’s holdings in NVIDIA were worth $2,008,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Planned Solutions Inc. lifted its stake in NVIDIA by 4.8% in the fourth quarter. Planned Solutions Inc. now owns 12,440 shares of the computer hardware maker’s stock valued at $1,671,000 after acquiring an additional 575 shares during the last quarter. Transform Wealth LLC increased its position in NVIDIA by 16.0% during the fourth quarter. Transform Wealth LLC now owns 290,549 shares of the computer hardware maker’s stock worth $39,018,000 after acquiring an additional 40,092 shares during the period. Chesley Taft & Associates LLC increased its position in NVIDIA by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 472,585 shares of the computer hardware maker’s stock worth $63,463,000 after acquiring an additional 2,216 shares during the period. Tarbox Family Office Inc. grew its stake in NVIDIA by 1.4% during the fourth quarter. Tarbox Family Office Inc. now owns 11,069 shares of the computer hardware maker’s stock worth $1,486,000 after buying an additional 149 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in NVIDIA by 9.4% during the fourth quarter. Clear Harbor Asset Management LLC now owns 102,939 shares of the computer hardware maker’s stock worth $13,824,000 after buying an additional 8,816 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NVDA shares. Barclays raised their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Truist Financial raised their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup lifted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

Insider Activity

In related news, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $132.80 on Wednesday. NVIDIA Co. has a fifty-two week low of $66.25 and a fifty-two week high of $153.13. The company’s 50-day moving average is $135.21 and its 200 day moving average is $129.70. The company has a market capitalization of $3.25 trillion, a P/E ratio of 52.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s revenue was up 93.6% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.