MinichMacGregor Wealth Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

On December 20th, 2024, it was reported that MinichMacGregor Wealth Management LLC has raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.1% during the third quarter. The institutional investor now owns a total of 90,993 shares of NVIDIA after acquiring an additional 4,455 shares in the same period. This investment represents about 2.4% of MinichMacGregor’s overall portfolio, positioning NVIDIA as its 11th largest holding. According to their latest SEC filing, these holdings are valued at approximately $11.2 million.

Other institutional investors have also recently adjusted their positions in NVIDIA. CGC Financial Services LLC initiated a new position during the second quarter, valued around $26,000. Similarly, Quest Partners LLC and Christopher J. Hasenberg Inc have made investments worth approximately $27,000 each in the second and third quarters, respectively. The University of Texas Texas A&M Investment Management Co. and FPC Investment Advisory Inc. made new stakes in NVIDIA as well, valued at $31,000 and increased their holdings by 900% respectively. As a whole, institutional investors control about 65.27% of NVIDIA's stock.

Analyst Ratings and Price Predictions

In recent weeks, several Wall Street analysts have issued reports forecasting growth for NVIDIA. Citigroup raised its price target for NVIDIA from $170.00 to $175.00, labeling the company a “buy” in a report published on November 21st. Likewise, Piper Sandler and Goldman Sachs have raised their price targets significantly, suggesting an optimistic outlook on NVIDIA’s stock. Notably, Morgan Stanley also increased its price target from $150.00 to $160.00, rating it as “overweight.” Currently, four analysts suggest holding the stock, while an overwhelming majority of thirty-nine analysts recommend buying it, leading to an overall consensus rating of “Moderate Buy” and a projected price target of $164.15 based on MarketBeat data.

Insider Transactions

Insider trading activity has been noted as well. Director John Dabiri sold 716 shares on November 25th at an average price of $142.00, totaling $101,672. Following this sale, he retains ownership of 19,942 shares valued at about $2.83 million. Additionally, Director Mark A. Stevens sold a significant portion—165,100 shares—on September 24th, resulting in a sale price of approximately $20 million. After these transactions, insiders have sold around 1.55 million shares valued at $201.7 million over the past 90 days, with insiders holding roughly 4.23% of the company’s shares.

NVIDIA Stock Performance

NVIDIA's stock opened at $130.68 on a recent Friday, boasting a market capitalization of $3.20 trillion. The stock has a price-to-earnings ratio of 51.43 and demonstrates strong profitability metrics, such as a net margin of 55.69%. The company’s earnings report released on November 20th revealed an earnings per share (EPS) of $0.81, surpassing forecasts. NVIDIA’s revenue increased significantly year-over-year, reaching $35.08 billion for the quarter, for an impressive growth rate of 93.6%.

Dividend and Stock Buyback Program

NVIDIA has recently announced a quarterly dividend of $0.01, to be paid to shareholders of record on December 5th. This translates to an annualized yield of 0.03%. The company also disclosed a share buyback program authorizing repurchases totaling $50 billion, indicating management’s belief in the stock’s undervaluation.

NVIDIA Company Overview

NVIDIA Corporation specializes in providing graphics, computing, and networking solutions both domestically and internationally. Their product offerings include GeForce GPUs for gaming, enterprise workstation graphics, and automotive platforms.

investment, NVIDIA, analysts