Unique Wealth Strategies LLC Invests $581,000 in NVIDIA Co. (NASDAQ:NVDA)

Unique Wealth Strategies LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,173 shares of the computer hardware maker’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Trivant Custom Portfolio Group LLC lifted its holdings in shares of NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC lifted its holdings in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $887.89 on Monday. The company has a market capitalization of $2.22 trillion, a PE ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The firm has a fifty day simple moving average of $867.38 and a 200-day simple moving average of $652.35. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a twelve month low of $272.40 and a twelve month high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last ninety days. 3.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NVDA shares. KeyCorp boosted their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Piper Sandler Companies boosted their price objective on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Needham & Company LLC boosted their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, February 20th. Finally, TD Cowen boosted their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $941.55.

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.