NVIDIA Co. (NASDAQ:NVDA) Shares Sold by RBA Wealth Management LLC

RBA Wealth Management LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,288 shares of the computer hardware maker’s stock after selling 625 shares during the period. RBA Wealth Management LLC’s holdings in NVIDIA were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clay Northam Wealth Management LLC boosted its stake in NVIDIA by 0.8% during the 4th quarter. Clay Northam Wealth Management LLC now owns 30,760 shares of the computer hardware maker’s stock valued at $4,131,000 after purchasing an additional 248 shares in the last quarter. Cornerstone Management Inc. lifted its holdings in shares of NVIDIA by 45.9% in the fourth quarter. Cornerstone Management Inc. now owns 4,115 shares of the computer hardware maker’s stock valued at $553,000 after buying an additional 1,295 shares during the period. Paul R. Ried Financial Group LLC bought a new position in NVIDIA during the fourth quarter valued at about $478,000. Trust Point Inc. grew its holdings in NVIDIA by 5.0% during the fourth quarter. Trust Point Inc. now owns 160,475 shares of the computer hardware maker’s stock worth $21,550,000 after acquiring an additional 7,662 shares during the period. Finally, Blodgett Wealth Advisors LLC grew its holdings in NVIDIA by 1.4% during the fourth quarter. Blodgett Wealth Advisors LLC now owns 106,562 shares of the computer hardware maker’s stock worth $14,310,000 after acquiring an additional 1,422 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Susquehanna increased their target price on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. TD Cowen lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Loop Capital reiterated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $169.62.

NVIDIA Trading Down 8.7 %

NVIDIA stock opened at $114.06 on Tuesday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $2.78 trillion, a PE ratio of 44.89, a PEG ratio of 1.76 and a beta of 1.62. The business’s 50-day simple moving average is $133.68 and its 200-day simple moving average is $132.06.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is 1.36%.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,107,632 shares of company stock worth $146,405,286. Company 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.