Integrity Wealth Solutions LLC Takes $1.66 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Integrity Wealth Solutions LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,355 shares of the computer hardware maker’s stock, valued at approximately $1,661,000.

Other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA during the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC grew its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its holdings in shares of NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $949.50 on Thursday. NVIDIA Co. has a 1 year low of $298.06 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 79.52, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75. The firm has a 50-day moving average of $886.29 and a two-hundred day moving average of $696.36.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating the consensus estimate of $5.14 by $0.98. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was up 262.1% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Co. will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is currently 1.34%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NVDA shares. Sanford C. Bernstein raised their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. The Goldman Sachs Group raised their target price on shares of NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. CICC Research started coverage on shares of NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and issued a $1,400.00 target price on shares of NVIDIA in a report on Monday. Finally, Truist Financial lifted their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,002.18.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is currently owned by corporate insiders.

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.