16,616 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,616 shares of the computer hardware maker's stock, valued at approximately $2,231,000. NVIDIA comprises 1.7% of BankPlus Wealth Management LLC's portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA in the 2nd quarter valued at about $31,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $34,000. West Financial Advisors LLC purchased a new stake in shares of NVIDIA during the 3rd quarter worth approximately $36,000. Finally, DHJJ Financial Advisors Ltd. increased its stake in shares of 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 purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Susquehanna raised their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Truist Financial raised their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Redburn Atlantic assumed coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They set a "buy" rating and a $178.00 price target for the company. Finally, Piper Sandler raised their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $168.21.

NVIDIA Stock Down 4.1 %

Shares of NASDAQ:NVDA opened at $134.35 on Friday. NVIDIA Co. has a 52-week low of $74.22 and a 52-week high of $153.13. The firm has a fifty day moving average of $134.66 and a 200 day moving average of $131.14. The firm has a market capitalization of $3.29 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,670 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 over the last three months. Insiders own 4.23% of the company's stock.

NVIDIA Company 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.

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