MOKAN Wealth Management Inc. Acquires Shares of 18,560 NVIDIA Co. (NASDAQ:NVDA)

MOKAN Wealth Management Inc. bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,560 shares of the computer hardware maker’s stock, valued at approximately $2,493,000. NVIDIA accounts for about 1.6% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Zone Wealth Advisors LLC raised its holdings in shares of NVIDIA by 2.5% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 22,401 shares of the computer hardware maker’s stock valued at $3,008,000 after acquiring an additional 540 shares in the last quarter. Copperleaf Capital LLC grew its holdings in NVIDIA by 3.6% in the 4th quarter. Copperleaf Capital LLC now owns 7,204 shares of the computer hardware maker’s stock worth $967,000 after acquiring an additional 249 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $144,000. Lee Financial Co lifted its position in shares of NVIDIA by 9.5% in the 4th quarter. Lee Financial Co now owns 27,444 shares of the computer hardware maker’s stock worth $3,685,000 after purchasing an additional 2,392 shares during the period. Finally, Nkcfo LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $8,809,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,449 shares of company stock valued at $11,960,727 over the last 90 days. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. William Blair reissued an “outperform” rating on shares of NVIDIA in a report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Price Performance

NASDAQ NVDA opened at $118.53 on Friday. 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. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 46.65, a PEG ratio of 1.76 and a beta of 1.77. The stock’s fifty day moving average price is $127.28 and its 200 day moving average price is $131.03.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

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.