NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 22.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,830 shares of the computer hardware maker’s stock after selling 540 shares during the period. Accretive Wealth Partners LLC’s holdings in NVIDIA were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Trust N.A. grew its holdings in NVIDIA by 4.2% during the third quarter. Raymond James Trust N.A. now owns 730,995 shares of the computer hardware maker’s stock worth $88,772,000 after acquiring an additional 29,174 shares during the period. First County Bank CT grew its holdings in NVIDIA by 4.1% during the third quarter. First County Bank CT now owns 43,376 shares of the computer hardware maker’s stock worth $5,268,000 after acquiring an additional 1,705 shares during the period. Concorde Asset Management LLC grew its holdings in NVIDIA by 1.4% during the third quarter. Concorde Asset Management LLC now owns 53,921 shares of the computer hardware maker’s stock worth $6,552,000 after acquiring an additional 758 shares during the period. Sei Investments Co. grew its holdings in NVIDIA by 0.5% during the third quarter. Sei Investments Co. now owns 14,662,150 shares of the computer hardware maker’s stock worth $1,780,571,000 after acquiring an additional 76,462 shares during the period. Finally, Edgewood Management LLC boosted its position in NVIDIA by 7.7% during the third quarter. Edgewood Management LLC now owns 16,886,613 shares of the computer hardware maker’s stock worth $2,050,710,000 after purchasing an additional 1,207,534 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. William Blair initiated coverage on NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Morgan Stanley increased their price target on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Loop Capital reiterated a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Needham & Company LLC increased their price target on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen increased their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

NVIDIA Price Performance

NVDA stock opened at $140.11 on Thursday. The business has a fifty day moving average of $139.74 and a two-hundred day moving average of $128.46. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.43 trillion, a price-to-earnings ratio of 55.14, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 52-week low of $51.69 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. As a group, research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.