Wescott Financial Advisory Group LLC Increases NVIDIA Investment

In a recent development, Wescott Financial Advisory Group LLC has boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.1% during the third quarter, according to the firm's latest SEC filing. The financial advisor now owns 1,200 shares in the tech giant, with the additional acquisition of 25 shares, bringing their investment's value to approximately $522,000.

Other Investors Also Shift NVIDIA Positions

Several other investors have made significant changes to their NVIDIA holdings. For instance, Peoples Financial Services CORP. and Your Advocates Ltd. LLP both established new positions in NVIDIA worth roughly $30,000 each during the third quarter. Marquette Asset Management LLC invested about $34,000 in the second quarter, while Quarry LP made a similar investment in the first quarter. Compass Wealth Management LLC got on board in the fourth quarter with an investment of $39,000. Overall, institutional investors own about 64.79% of NVIDIA's shares.

Price Targets from Analysts

Equity analysts have set various new price targets for NVIDIA, reflecting a predominantly positive outlook on the company's performance. NVDA received an 'overweight' rating from Cantor Fitzgerald, setting the price objective at $775.00. Oppenheimer increased their price target from $650.00 to $850.00, maintaining an 'outperform' rating. Benchmark also endorsed a 'buy' rating with a price target of $625.00, and Needham & Company LLC maintained their 'buy' rating with a $600.00 price target. With a total of thirty-six buy ratings, one strong buy, and four hold ratings, the consensus among analysts signals a 'Moderate Buy' stance with an average target price of $682.90.

NVIDIA Financial Performance and Dividends

NVIDIA has been performing well on the stock market, with the share price opening at $726.13. The company has shown robust quarterly earnings, beating estimates and showing significant revenue growth year-over-year. Additionally, NVIDIA has a healthy dividend payout, with a recent issuance at $0.16 per share on an annualized basis, yielding 0.02%.

Inside Trades at NVIDIA

NVIDIA insiders have been active in the market. Notably, Director Mark A. Stevens transacted 36,000 shares at a value of $19,690,200.00. Following such sales, insiders retain a significant stake in the company's worth, indicating ongoing vested interests.

About NVIDIA Corporation

NVIDIA Corporation is a leader in the field of graphics, compute, and networking solutions, delivering cutting-edge technology for various applications across different sectors, including gaming, automotive, enterprise, and more.

investment, technology, NVIDIA