JDH Wealth Management LLC Acquires New Position in NVIDIA Co. (NASDAQ:NVDA)

JDH Wealth Management LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,926 shares of the computer hardware maker's stock, valued at approximately $1,736,000. NVIDIA comprises about 1.5% of JDH Wealth Management LLC's investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Christopher J. Hasenberg Inc bought a new position in NVIDIA in the 3rd quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA in the 2nd quarter valued at approximately $31,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at $34,000. West Financial Advisors LLC acquired a new position in shares of NVIDIA during the third quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. increased its holdings in NVIDIA by 70.0% in 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. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Truist Financial lifted their target price on NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Loop Capital reiterated a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Wedbush restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Tuesday, January 7th. Finally, Citigroup increased their price objective on shares of NVIDIA from $170.00 to $175.00 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.21.

Insider Buying and Selling

In other news, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction that occurred 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 directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock traded down $5.76 during trading on Friday, reaching $134.35. 226,998,737 shares of the company's stock traded hands, compared to its average volume of 265,515,719. The firm's 50-day moving average is $134.66 and its 200 day moving average is $130.91. The company has a market capitalization of $3.29 trillion, a P/E ratio of 52.87, a PEG ratio of 1.75 and a beta of 1.62. NVIDIA Co. has a 1 year low of $74.22 and a 1 year high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

About NVIDIA

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.