FWG Holdings LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

FWG Holdings LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 43.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 34,180 shares of the computer hardware maker’s stock after selling 25,788 shares during the period. NVIDIA makes up 2.1% of FWG Holdings LLC’s holdings, making the stock its 13th biggest position. FWG Holdings LLC’s holdings in NVIDIA were worth $4,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. LGT Capital Partners LTD. boosted its stake in shares of NVIDIA by 35.3% during the third quarter. LGT Capital Partners LTD. now owns 1,230,370 shares of the computer hardware maker’s stock valued at $149,416,000 after acquiring an additional 321,270 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of NVIDIA by 5.6% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 128,212 shares of the computer hardware maker’s stock valued at $15,570,000 after acquiring an additional 6,771 shares during the last quarter. First City Capital Management Inc. boosted its stake in shares of NVIDIA by 2.6% during the third quarter. First City Capital Management Inc. now owns 38,609 shares of the computer hardware maker’s stock valued at $4,689,000 after acquiring an additional 981 shares during the last quarter. Princeton Capital Management LLC boosted its stake in shares of NVIDIA by 5.7% during the third quarter. Princeton Capital Management LLC now owns 438,591 shares of the computer hardware maker’s stock valued at $53,262,000 after acquiring an additional 23,830 shares during the last quarter. Finally, Equita Financial Network Inc. boosted its stake in shares of NVIDIA by 19.0% during the third quarter. Equita Financial Network Inc. now owns 6,389 shares of the computer hardware maker’s stock valued at $776,000 after acquiring an additional 1,019 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. Needham & Company LLC increased their price objective on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. William Blair began coverage on NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Benchmark lifted their price target on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Stock Performance

Shares of NVDA opened at $144.47 on Monday. The business’s 50 day moving average is $139.57 and its two-hundred day moving average is $128.15. NVIDIA Co. has a 52-week low of $47.51 and a 52-week high of $152.89. The firm has a market cap of $3.54 trillion, a price-to-earnings ratio of 56.86, a PEG ratio of 2.43 and a beta of 1.63. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period in the prior year, the company posted $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. Analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,226,886 shares of company stock valued at $161,499,400 in the last three months. Corporate insiders own 4.23% of the company’s stock.

NVIDIA 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.