44 Wealth Management LLC Buys 238 Shares of NVIDIA Co. (NASDAQ:NVDA)

44 Wealth Management LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,663 shares of the computer hardware maker’s stock after acquiring an additional 238 shares during the quarter. 44 Wealth Management LLC’s holdings in NVIDIA were worth $626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thompson Davis & CO. Inc. lifted its stake in NVIDIA by 46.1% in the fourth quarter. Thompson Davis & CO. Inc. now owns 11,455 shares of the computer hardware maker’s stock valued at $1,537,000 after buying an additional 3,615 shares during the period. Carl P. Sherr & Co. LLC raised its position in NVIDIA by 4.0% in the 4th quarter. Carl P. Sherr & Co. LLC now owns 28,042 shares of the computer hardware maker’s stock valued at $3,766,000 after buying an additional 1,071 shares during the last quarter. Winebrenner Capital Management LLC bought a new stake in NVIDIA in the 4th quarter worth about $4,483,000. Navellier & Associates Inc. lifted its holdings in NVIDIA by 6.6% during the fourth quarter. Navellier & Associates Inc. now owns 590,797 shares of the computer hardware maker’s stock worth $79,338,000 after acquiring an additional 36,412 shares during the period. Finally, Wealth Management Nebraska purchased a new stake in NVIDIA during the fourth quarter worth about $1,004,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 1.6 %

Shares of NASDAQ NVDA opened at $109.67 on Friday. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77. 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 business’s 50 day moving average is $125.01 and its two-hundred day moving average is $131.34. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 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 for the quarter, compared to analysts’ expectations of $38.16 billion. As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on NVDA. Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, March 19th. Truist Financial lifted their price target on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson lowered their price objective on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.51.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA 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 sale, the executive vice president now 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. In the last three months, insiders sold 183,609 shares of company stock valued at $22,642,615. Corporate insiders own 4.23% of the company’s stock.

About NVIDIA

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.