WealthPLAN Partners LLC reduced its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.0% during the 4th quarter, HoldingsChannel reports. The firm owned 72,247 shares of the computer hardware maker’s stock after selling 4,628 shares during the period. NVIDIA accounts for 1.4% of WealthPLAN Partners LLC’s portfolio, making the stock its 15th biggest position. WealthPLAN Partners LLC’s holdings in NVIDIA were worth $9,702,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,449 shares of company stock valued at $11,960,727. Company insiders own 4.23% of the company’s stock.
NVIDIA Stock Performance
NVIDIA stock opened at $115.43 on Wednesday. The firm has a market capitalization of $2.82 trillion, a P/E ratio of 45.43, a PEG ratio of 1.76 and a beta of 1.77. The stock has a fifty day moving average price of $128.17 and a 200 day moving average price of $131.21. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on NVDA shares. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Phillip Securities restated an “accumulate” rating and issued a $160.00 price target (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, February 27th. Morgan Stanley reiterated an “overweight” rating and set a $162.00 target price (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Mizuho decreased their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.
Check Out Our Latest Stock Report on NVIDIA
NVIDIA Company Profile
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
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