TTP Investments Inc. Has $21.76 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

TTP Investments Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 21.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,012 shares of the computer hardware maker’s stock after selling 43,555 shares during the quarter. NVIDIA accounts for approximately 7.6% of TTP Investments Inc.’s investment portfolio, making the stock its 5th biggest holding. TTP Investments Inc.’s holdings in NVIDIA were worth $21,757,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the 2nd quarter worth $31,000. Firestone Capital Management bought a new stake in shares of NVIDIA in the 2nd quarter worth $270,000. Fairway Wealth LLC purchased a new stake in shares of NVIDIA in the second quarter valued at about $247,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of NVIDIA by 981.1% during the second quarter. Axxcess Wealth Management LLC now owns 430,465 shares of the computer hardware maker’s stock valued at $52,207,000 after purchasing an additional 390,648 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 716 shares of the stock in a transaction 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 owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 0.4 %

Shares of NASDAQ:NVDA opened at $139.40 on Wednesday. The firm has a fifty day moving average price of $134.52 and a two-hundred day moving average price of $130.56. The company has a market cap of $3.41 trillion, a price-to-earnings ratio of 54.86, a PEG ratio of 1.62 and a beta of 1.62. 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 Co. has a one year low of $66.25 and a one year high of $153.13.

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

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Melius Research upped their target price on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wedbush lifted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Benchmark reiterated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.21.

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.