Unique Wealth LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Unique Wealth LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,629 shares of the computer hardware maker's stock after buying an additional 3,428 shares during the quarter. NVIDIA comprises about 1.1% of Unique Wealth LLC's portfolio, making the stock its 21st largest holding. Unique Wealth LLC's holdings in NVIDIA were worth $5,053,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc increased its holdings in NVIDIA by 884.0% in the 2nd quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker's stock valued at $26,329,751,000 after buying an additional 191,469,114 shares during the period. Ameriprise Financial Inc. increased its holdings in NVIDIA by 870.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker's stock valued at $12,658,922,000 after buying an additional 91,867,031 shares during the period. Dimensional Fund Advisors LP increased its holdings in NVIDIA by 1,123.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker's stock valued at $11,371,255,000 after buying an additional 84,515,429 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NVIDIA by 808.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker's stock valued at $10,215,474,000 after buying an additional 73,589,208 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of NVIDIA by 882.4% in the 2nd quarter. American Century Companies Inc. now owns 73,648,364 shares of the computer hardware maker's stock valued at $9,098,519,000 after purchasing an additional 66,151,750 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 over the last ninety days. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research analyst reports. Phillip Securities restated an "accumulate" rating and issued a $160.00 price target (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. TD Cowen boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Bank of America restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Rosenblatt Securities restated a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $166.23.

NVIDIA Price Performance

NASDAQ NVDA traded up $1.05 on Thursday, reaching $124.75. 390,509,528 shares of the company's stock traded hands, compared to its average volume of 292,494,438. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a 50-day simple moving average of $137.46 and a 200 day simple moving average of $129.40. The stock has a market cap of $3.06 trillion, a PE ratio of 49.09, a P/E/G ratio of 2.65 and a beta of 1.64.

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, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same period last year, the business earned $0.38 earnings per share. The business's quarterly revenue was up 93.6% on a year-over-year basis. As a group, research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA Company 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.