Meredith Wealth Planning Boosts Position in NVIDIA Corporation $NVDA

Meredith Wealth Planning grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 305.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,086 shares of the computer hardware maker’s stock after buying an additional 15,130 shares during the period. NVIDIA accounts for approximately 1.2% of Meredith Wealth Planning’s portfolio, making the stock its 14th largest holding. Meredith Wealth Planning’s holdings in NVIDIA were worth $3,748,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC bought a new stake in NVIDIA during the second quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA in the 2nd quarter worth about $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in NVIDIA in the 2nd quarter worth about $54,000. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $185.35, for a total transaction of $13,901,250.00. Following the completion of the transaction, the chief executive officer owned 69,808,203 shares in the company, valued at $12,938,950,426.05. This represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,734,114 shares of company stock worth $317,034,081. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVDA. Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $240.00 target price (up from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Royal Bank Of Canada reissued a “buy” rating on shares of NVIDIA in a report on Thursday. Barclays raised their price objective on shares of NVIDIA from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Citigroup reiterated a “buy” rating on shares of NVIDIA in a research report on Monday, December 29th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $262.84.

Check Out Our Latest Analysis on NVIDIA

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $186.94 on Friday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.54 trillion, a PE ratio of 46.39, a PEG ratio of 0.89 and a beta of 2.31. The company’s fifty day moving average is $184.26 and its 200 day moving average is $180.41. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company’s revenue was up 62.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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