Discipline Wealth Solutions LLC Makes New $792,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Discipline Wealth Solutions LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,523 shares of the computer hardware maker's stock, valued at approximately $792,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted its position in shares of NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock worth $782,000 after purchasing an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. lifted its position in NVIDIA by 900.0% in the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock worth $445,000 after buying an additional 3,240 shares in the last quarter. Tobam boosted its stake in shares of NVIDIA by 811.4% during the 2nd quarter. Tobam now owns 41,489 shares of the computer hardware maker's stock valued at $5,126,000 after buying an additional 36,937 shares during the period. Great Diamond Partners LLC grew its holdings in shares of NVIDIA by 859.1% during the 2nd quarter. Great Diamond Partners LLC now owns 54,995 shares of the computer hardware maker's stock valued at $6,794,000 after acquiring an additional 49,261 shares in the last quarter. Finally, Rather & Kittrell Inc. grew its holdings in shares of NVIDIA by 947.4% during the 2nd quarter. Rather & Kittrell Inc. now owns 6,777 shares of the computer hardware maker's stock valued at $837,000 after acquiring an additional 6,130 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James lifted their price objective on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 14th. Melius Research boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Tuesday, January 7th. Barclays boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.

NVIDIA Stock Up 2.3 %

Shares of NASDAQ NVDA opened at $140.83 on Wednesday. The business has a fifty day moving average of $138.84 and a two-hundred day moving average of $129.11. 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 Co. has a 52-week low of $58.58 and a 52-week high of $153.13. The stock has a market cap of $3.45 trillion, a PE ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for 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 company's revenue for the quarter 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, equities research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is 1.57%.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total value 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 $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by insiders.

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.