NVIDIA Co. (NASDAQ:NVDA) is Jupiter Wealth Management LLC’s 4th Largest Position

Jupiter Wealth Management LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,757 shares of the computer hardware maker’s stock after acquiring an additional 3,770 shares during the quarter. NVIDIA accounts for 4.6% of Jupiter Wealth Management LLC’s portfolio, making the stock its 4th largest position. Jupiter Wealth Management LLC’s holdings in NVIDIA were worth $9,099,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc purchased a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $40,000. LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $54,000. Finally, Delos Wealth Advisors LLC grew its stake in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Susquehanna reissued a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson boosted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.66.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $141.22 on Wednesday. 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 firm has a 50-day moving average of $116.54 and a two-hundred day moving average of $126.31. The stock has a market cap of $3.45 trillion, a P/E ratio of 55.58, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company’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 completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,147 shares of company stock worth $23,874,207. 4.17% 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.