Guided Capital Wealth Management LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Guided Capital Wealth Management LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 18,220 shares of the computer hardware maker's stock, valued at approximately $2,447,000. NVIDIA makes up 2.2% of Guided Capital Wealth Management LLC's portfolio, making the stock its 13th biggest position.

Other hedge funds also recently modified their holdings of the company. Hoertkorn Richard Charles boosted its stake in NVIDIA by 2.0% during the 3rd quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after purchasing an additional 71 shares during the last quarter. Smart Portfolios LLC raised its holdings in shares of NVIDIA by 2.7% in the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock worth $341,000 after purchasing an additional 75 shares during the period. Palisade Asset Management LLC raised its holdings in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after purchasing an additional 75 shares during the period. Finally, Baker Boyer National Bank raised its holdings in shares of NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

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Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Barclays lifted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. TD Cowen boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a report on Thursday, November 21st. Finally, HSBC lowered their target price on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,039,125 shares of company stock worth $137,062,338. 4.23% of the stock is owned by insiders.

NVIDIA Stock Up 5.3 %

Shares of NASDAQ:NVDA traded up $6.09 during trading on Friday, reaching $121.67. 276,579,395 shares of the stock traded hands, compared to its average volume of 321,405,241. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a 50-day moving average of $129.26 and a two-hundred day moving average of $131.19. The stock has a market cap of $2.97 trillion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

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.