GenWealth Group Inc. Makes New $624,000 Investment in NVIDIA Corporation $NVDA

GenWealth Group Inc. purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) in the 4th quarter, Holdings Channel reports. The firm purchased 3,335 shares of the computer hardware maker’s stock, valued at approximately $624,000.

A number of other large investors also recently modified their holdings of NVDA. Winnow Wealth LLC bought a new position in NVIDIA in the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of 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 purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA in the second quarter valued at approximately $40,000. Sellwood Investment Partners LLC acquired a new position in shares of NVIDIA in the third quarter valued at approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in NVIDIA in the 2nd quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of NVIDIA stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president directly owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,401,616 shares of company stock worth $253,555,407 in the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 5.6%

Shares of NVIDIA stock opened at $174.34 on Wednesday. The stock’s 50-day moving average is $182.92 and its 200 day moving average is $184.28. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 35.58, a PEG ratio of 0.55 and a beta of 2.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm’s revenue for the quarter was up 73.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 0.82%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Truist Financial lifted their target price on shares of NVIDIA from $283.00 to $287.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. KeyCorp reaffirmed an “overweight” rating and set a $275.00 price target on shares of NVIDIA in a research note on Tuesday, March 17th. Mizuho set a $275.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a report on Friday, January 9th. Robert W. Baird boosted their price objective on shares of NVIDIA from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, Wolfe Research increased their price objective on NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $275.95.

View Our Latest Report on NVDA

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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