NVIDIA Co. (NASDAQ:NVDA) Position Cut by WealthShield Partners LLC

WealthShield Partners LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.2% during the 4th quarter, Holdings Channel reports. The fund owned 74,008 shares of the computer hardware maker’s stock after selling 7,493 shares during the period. NVIDIA makes up approximately 1.4% of WealthShield Partners LLC’s portfolio, making the stock its 13th largest holding. WealthShield Partners LLC’s holdings in NVIDIA were worth $9,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the fourth quarter worth approximately $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter worth $40,000. DHJJ Financial Advisors Ltd. lifted its holdings in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the fourth quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc. raised its position in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after acquiring an additional 248 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock worth $22,642,615 over the last 90 days. Insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four 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 MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Stock Performance

NVDA stock opened at $109.67 on Monday. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77. The firm has a 50 day moving average of $125.01 and a two-hundred day moving average of $131.61. 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 Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date of this dividend 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%.

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.