PGIM Custom Harvest LLC Increases NVIDIA Holdings by 12.1%

PGIM Custom Harvest LLC has increased its investment in NVIDIA Corporation, a leader in the computer hardware industry, by 12.1% during the third quarter, as disclosed in the latest SEC filings. The investment firm now holds 1,161 shares, reflecting the purchase of an additional 125 shares over the quarter. These NVIDIA shares are valued at approximately $505,000 according to PGIM Custom Harvest LLC's most recent financial disclosures.

Investment Shifts in NVIDIA

Other institutional investors have also adjusted their positions in NVIDIA. United Bank grew its NVIDIA holdings by 28.9% in the first quarter, now owning 7,717 shares with a market value over $2 million. Meanwhile, Mirae Asset Global Investments Co. Ltd. boosted its stake by 6.8%, now holding shares valued at around $1.07 billion. Another notable increase was by MAS Advisors LLC, which added 42.1% more shares, and Navis Wealth Advisors LLC's position soared by 205.3% in the said period.

Wall Street Analysts' Perspectives

Several analysts have recently commented on NVIDIA's stock performance. Price targets have been raised, with Craig Hallum asserting a 'buy' rating with a target of $850, TD Cowen with an 'outperform' rating and a target of $900, and Tigress Financial suggesting a 'buy' rating with a target increase to $790. On the conservative side, DA Davidson assigned a 'neutral' rating with a target of $620. Cantor Fitzgerald reaffirmed an ‘overweight’ rating with a significant target boost to $900. Currently, NVIDIA has an overwhelming number of 'buy' ratings, a handful of 'hold' ratings, and even a 'strong buy' rating, capturing a 'Moderate Buy' consensus among market analysts.

Recent NVIDIA Stock Performance and Dividends

NVIDIA's stock has been performing impressively, opening at $787.01 with a market capitalization surpassing the trillion-dollar mark. Its stock has observed a substantial increase from its 52-week low, maintaining a solid average price well above its 200-day moving average. Furthermore, NVIDIA declared a quarterly dividend payout with a modest yield, consistent with its payout ratio. The company's financial health is indicated by robust ratios demonstrating its liquidity and relatively low debt-to-equity.

NVIDIA's Financial Results and Company Profile

The company's most recent earnings report showed significant revenue growth and per-share earnings that beat analysts' predictions. NVIDIA's diverse range of products, including GeForce GPUs for gaming, professional workstation graphics, cloud computing solutions, and software for 3D design and virtual worlds, keeps it at the forefront of the tech industry.

Insider Activity in NVIDIA

In other NVIDIA news, insider transactions have been reported, with Director Mark A. Stevens selling shares in transactions revealed in recent SEC filings. Despite these sales, insiders still own a considerable portion of the company's stock.

NVIDIA, PGIM, Investment