WESPAC Advisors SoCal LLC Sells 7,072 Shares of NVIDIA Co. (NASDAQ:NVDA)

WESPAC Advisors SoCal LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,845 shares of the computer hardware maker’s stock after selling 7,072 shares during the quarter. NVIDIA accounts for approximately 2.2% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 15th largest holding. WESPAC Advisors SoCal LLC’s holdings in NVIDIA were worth $9,514,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Ironwood Wealth Management LLC. grew its stake in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after acquiring an additional 5,695 shares in the last quarter. Cavalry Management Group LLC boosted its holdings in shares of NVIDIA by 785.2% in the second quarter. Cavalry Management Group LLC now owns 4,532 shares of the computer hardware maker’s stock valued at $560,000 after purchasing an additional 4,020 shares during the period. Anchor Investment Management LLC grew its stake in NVIDIA by 1,087.9% in the second quarter. Anchor Investment Management LLC now owns 72,927 shares of the computer hardware maker’s stock worth $9,009,000 after purchasing an additional 66,788 shares in the last quarter. Centaurus Financial Inc. increased its holdings in NVIDIA by 1,212.7% during the 2nd quarter. Centaurus Financial Inc. now owns 234,261 shares of the computer hardware maker’s stock worth $28,941,000 after purchasing an additional 216,415 shares during the period. Finally, Greater Midwest Financial Group LLC increased its holdings in NVIDIA by 995.6% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 3,725 shares of the computer hardware maker’s stock worth $440,000 after purchasing an additional 3,385 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, February 27th. Robert W. Baird upped their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Barclays increased their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $169.62.

NVIDIA Price Performance

NASDAQ:NVDA opened at $114.06 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50 day moving average price of $133.68 and a 200-day moving average price of $132.06. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The firm has a market cap of $2.78 trillion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on 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 owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock valued at $146,405,286 over the last quarter. 4.23% of the stock is currently owned by insiders.

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.