Milestone Asset Management LLC Purchases 10,244 Shares of NVIDIA Co. (NASDAQ:NVDA)

Milestone Asset Management LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 17.4% in the 4th quarter, Holdings Channel reports. The firm owned 68,963 shares of the computer hardware maker’s stock after buying an additional 10,244 shares during the period. NVIDIA makes up 2.0% of Milestone Asset Management LLC’s holdings, making the stock its 8th biggest holding. Milestone Asset Management LLC’s holdings in NVIDIA were worth $9,261,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NVDA. Christopher J. Hasenberg Inc acquired a new stake in shares of NVIDIA during the third quarter worth about $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA in the 2nd quarter valued at about $31,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter valued at approximately $34,000. West Financial Advisors LLC purchased a new stake in NVIDIA during the 3rd quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citigroup upped their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Morgan Stanley cut their price target on shares of NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $170.00 to $220.00 in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Price Performance

NVIDIA stock opened at $130.28 on Tuesday. The firm’s 50-day moving average is $134.63 and its two-hundred day moving average is $131.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.19 trillion, a P/E ratio of 51.27, a P/E/G ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13.

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.