Journey Strategic Wealth LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Journey Strategic Wealth LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,237 shares of the computer hardware maker’s stock after buying an additional 3,946 shares during the quarter. NVIDIA makes up approximately 0.5% of Journey Strategic Wealth LLC’s portfolio, making the stock its 19th biggest holding. Journey Strategic Wealth LLC’s holdings in NVIDIA were worth $12,521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in NVIDIA by 12,898.6% during the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker’s stock valued at $6,836,220,000 after purchasing an additional 55,859,917 shares during the last quarter. Clear Street Derivatives LLC bought a new stake in NVIDIA during the third quarter valued at approximately $4,589,905,000. Clearbridge Investments LLC lifted its position in NVIDIA by 810.6% during the second quarter. Clearbridge Investments LLC now owns 38,584,018 shares of the computer hardware maker’s stock valued at $4,766,670,000 after purchasing an additional 34,346,955 shares during the last quarter. Geode Capital Management LLC lifted its position in NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after purchasing an additional 11,525,969 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in NVIDIA by 2,556.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,605,913 shares of the computer hardware maker’s stock valued at $1,063,174,000 after purchasing an additional 8,281,902 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price for the company. Tigress Financial restated a “buy” rating on shares of NVIDIA in a report on Wednesday. Bank of America boosted their price objective on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday. Finally, Barclays boosted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $169.62.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated 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. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Up 3.9 %

NASDAQ:NVDA opened at $124.81 on Friday. The firm’s 50-day moving average price is $134.19 and its 200-day moving average price is $131.92. The company has a market capitalization of $3.06 trillion, a PE ratio of 49.12, a P/E/G ratio of 1.76 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 1-year low of $75.61 and a 1-year high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.57%.

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.