Buck Wealth Bets Big on NVIDIA with $440K Buy-In

Buck Wealth Bets Big on NVIDIA with $440K Buy-In

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Buck Wealth Strategies LLC has acquired 3,274 shares of NVIDIA, valued at approximately $440,000. The investment firm joins a wave of institutional investors increasing their stakes in the tech giant. Geode Capital Management, UBS Asset Management, and Fisher Asset Management have all recently boosted their holdings, with Geode now holding over 546 million shares. Analysts remain bullish on NVIDIA, with multiple firms raising their price targets, including Deutsche Bank, Stifel Nicolaus, and UBS. Insiders have also been active, with key executives selling significant portions of their holdings, including a $131 million transaction by Director Tench Coxe. Despite these moves, NVIDIA continues its strong financial performance, reporting robust earnings and maintaining its position as a leader in the AI and semiconductor space.

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Buck Wealth Strategies LLC recently entered the NVIDIA market, purchasing 3,274 shares worth approximately $440,000. This move aligns with a broader trend of institutional investors strengthening their positions in the semiconductor giant. Geode Capital Management, UBS Asset Management, and Fisher Asset Management have all increased their holdings, with Geode now controlling over 546 million shares valued at more than $66 billion. Institutional investors now collectively own over 65% of NVIDIA’s stock, reinforcing confidence in its long-term growth.

Analysts remain optimistic about NVIDIA’s trajectory, with several firms upgrading their price targets. Deutsche Bank increased its target from $115 to $140, while Stifel Nicolaus and UBS raised their estimates to $180 and $185, respectively. TD Cowen also boosted its target to $175, while DZ Bank upgraded NVIDIA to a “strong buy.” With four analysts giving it a “hold” rating, 37 issuing “buy” recommendations, and two marking it as a “strong buy,” NVIDIA maintains a consensus rating of “Moderate Buy” with an average price target of $171.69.

Insider activity has also been noteworthy. EVP Ajay K. Puri sold 36,462 shares valued at over $5.5 million, reducing his stake slightly. Meanwhile, Director Tench Coxe made a massive sale of one million shares worth approximately $131 million, marking a 3.37% reduction in his holdings. In total, insiders sold over 1.1 million shares in the last quarter, equating to more than $146 million in transactions.

Despite insider sales, NVIDIA continues to perform strongly in the market. The company posted quarterly earnings of $0.89 per share, exceeding analyst expectations of $0.84. Revenue hit $39.33 billion, surpassing the estimated $38.16 billion. The firm maintains a high return on equity at 114.83% and a net margin of 55.69%. NVIDIA’s stock currently trades at around $110.57, with a 12-month high of $153.13 and a low of $75.61.

Additionally, NVIDIA recently announced a quarterly dividend of $0.01 per share, payable on April 2nd. With a dividend yield of just 0.04%, the payout remains minimal, emphasizing the company’s focus on reinvesting for growth rather than large shareholder distributions. Given its strong fundamentals, increasing institutional confidence, and continued innovation in AI and semiconductors, NVIDIA remains a dominant force in the tech sector.

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Ed Don

Ed is a writer who is passionate about all financial topics. After starting out in the​ traditional long-form style of online article writing, Ed shifted focus and began contributing snack-sized articles. After the first few articles, Ed's excitement for shorter-length content grew. Today, he's a daily contributor on InvestingSnacks.com.