Luts & Greenleigh Group Inc. Has $2.74 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Luts & Greenleigh Group Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,374 shares of the computer hardware maker’s stock after acquiring an additional 90 shares during the quarter. NVIDIA accounts for approximately 2.7% of Luts & Greenleigh Group Inc.’s investment portfolio, making the stock its 5th biggest position. Luts & Greenleigh Group Inc.’s holdings in NVIDIA were worth $2,736,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVDA. Ironwood Wealth Management LLC. boosted its position in shares of NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA during the second quarter worth about $31,000. GHP Investment Advisors Inc. lifted its position in NVIDIA by 922.8% during the second quarter. GHP Investment Advisors Inc. now owns 10,361 shares of the computer hardware maker’s stock worth $1,280,000 after purchasing an additional 9,348 shares during the period. WPWealth LLP lifted its position in NVIDIA by 935.9% during the second quarter. WPWealth LLP now owns 9,023 shares of the computer hardware maker’s stock worth $1,115,000 after purchasing an additional 8,152 shares during the period. Finally, Pinkerton Retirement Specialists LLC lifted its position in NVIDIA by 716.0% during the second quarter. Pinkerton Retirement Specialists LLC now owns 7,556 shares of the computer hardware maker’s stock worth $933,000 after purchasing an additional 6,630 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Raymond James upped their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. UBS Group increased their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, DA Davidson increased their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Four research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.23.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 716 shares of the firm’s 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 sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last quarter. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $135.29 on Friday. The company has a market capitalization of $3.31 trillion, a PE ratio of 53.24, a P/E/G ratio of 1.62 and a beta of 1.62. The company has a 50 day simple moving average of $134.78 and a two-hundred day simple moving average of $129.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $66.25 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

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.