Greenup Street Wealth Management LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Greenup Street Wealth Management LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,351 shares of the computer hardware maker's stock after purchasing an additional 2,977 shares during the period. NVIDIA makes up about 1.5% of Greenup Street Wealth Management LLC's investment portfolio, making the stock its 17th largest position. Greenup Street Wealth Management LLC's holdings in NVIDIA were worth $7,567,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVDA. Christopher J. Hasenberg Inc purchased a new stake in shares of NVIDIA during the third quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the second quarter valued at approximately $31,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $34,000. West Financial Advisors LLC purchased a new stake in shares of NVIDIA during the third quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. raised its stake in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $134.35 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $134.66 and its two-hundred day moving average price is $131.14. NVIDIA Co. has a 52 week low of $74.22 and a 52 week high of $153.13. The stock has a market cap 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.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. 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 report on Thursday, November 21st. Wedbush reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday. Bank of America reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Needham & Company LLC raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $168.21.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate 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.

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