Traphagen Investment Advisors LLC Acquires 1,302 Shares of NVIDIA Co. (NASDAQ:NVDA)

Traphagen Investment Advisors LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,879 shares of the computer hardware maker’s stock after buying an additional 1,302 shares during the quarter. NVIDIA accounts for 0.4% of Traphagen Investment Advisors LLC’s holdings, making the stock its 27th biggest position. Traphagen Investment Advisors LLC’s holdings in NVIDIA were worth $4,415,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Genesis Private Wealth LLC purchased a new stake in NVIDIA in the 4th quarter worth about $2,073,000. Simon Quick Advisors LLC raised its stake in NVIDIA by 11.4% in the fourth quarter. Simon Quick Advisors LLC now owns 137,649 shares of the computer hardware maker’s stock valued at $18,485,000 after purchasing an additional 14,067 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in NVIDIA by 6.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 200,107 shares of the computer hardware maker’s stock valued at $26,872,000 after acquiring an additional 11,859 shares during the last quarter. White Pine Investment CO bought a new position in NVIDIA during the fourth quarter valued at approximately $202,000. Finally, Capstone Wealth Management LLC bought a new stake in NVIDIA in the fourth quarter worth $620,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $131.14 on Thursday. The stock has a market capitalization of $3.21 trillion, a PE ratio of 51.61, a P/E/G ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The business has a 50 day simple moving average of $135.06 and a two-hundred day simple moving average of $129.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the company earned $0.38 earnings per share. NVIDIA’s revenue was up 93.6% on a year-over-year basis. On average, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid 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 was Thursday, December 5th. NVIDIA’s dividend payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho raised their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Needham & Company LLC increased their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their target price 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. Melius Research increased their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Loop Capital reaffirmed a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.23.

Insider Activity at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last quarter. 4.23% of the stock is owned by company insiders.

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.