Ridgecrest Wealth Partners LLC Acquires 47,985 Shares of NVIDIA Corporation $NVDA

Ridgecrest Wealth Partners LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 222.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,532 shares of the computer hardware maker’s stock after acquiring an additional 47,985 shares during the period. NVIDIA comprises about 5.9% of Ridgecrest Wealth Partners LLC’s investment portfolio, making the stock its 4th largest holding. Ridgecrest Wealth Partners LLC’s holdings in NVIDIA were worth $12,973,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares in the last quarter. Hudson Value Partners LLC boosted its stake in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Wealth Group Ltd. increased its holdings in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after purchasing an additional 896 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Price Performance

Shares of NVDA opened at $188.22 on Tuesday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $186.23 and its 200 day simple moving average is $177.31. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a market cap of $4.57 trillion, a price-to-earnings ratio of 46.70, a PEG ratio of 0.93 and a beta of 2.29.

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

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Tigress Financial restated a “strong-buy” rating and issued a $350.00 price target (up from $280.00) on shares of NVIDIA in a report on Thursday, December 18th. DA Davidson restated a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Loop Capital upped their price target on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Mizuho lifted their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Rothschild & Co Redburn boosted their price objective on shares of NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $262.14.

Check Out Our Latest Stock Report on NVIDIA

Insider Transactions at NVIDIA

In related news, EVP Debora Shoquist sold 69,840 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $177.85, for a total value of $12,421,044.00. Following the sale, the executive vice president owned 1,424,603 shares in the company, valued at approximately $253,365,643.55. This represents a 4.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the sale, the director directly owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,086,474 shares of company stock valued at $382,482,492. Company insiders own 4.17% of the company’s stock.

NVIDIA 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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