Inman Jager Wealth Management LLC Purchases Shares of 8,484 NVIDIA Co. (NASDAQ:NVDA)

Inman Jager Wealth Management LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,484 shares of the computer hardware maker's stock, valued at approximately $1,139,000.

Other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA in the third quarter worth about $27,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter worth about $34,000. West Financial Advisors LLC purchased a new stake in shares of NVIDIA in the third quarter worth about $36,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth about $40,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after buying an additional 140 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays boosted their target price on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Morgan Stanley reiterated an "overweight" rating and issued a $162.00 target price (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research report on Monday, February 24th. Phillip Securities reiterated an "accumulate" rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Finally, Mizuho boosted their target price on NVIDIA from $165.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $169.62.

NVIDIA Stock Up 1.1 %

Shares of NASDAQ NVDA opened at $117.30 on Thursday. 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 stock has a market capitalization of $2.86 trillion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The stock's fifty day simple moving average is $132.73 and its two-hundred day simple moving average is $131.90. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13.

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

NVIDIA Announces Dividend

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

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company's stock.

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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