Able Wealth Management LLC Invests $321,000 in NVIDIA Co. (NASDAQ:NVDA)

Able Wealth Management LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,389 shares of the computer hardware maker's stock, valued at approximately $321,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in NVIDIA by 12,898.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker's stock worth $6,836,220,000 after purchasing an additional 55,859,917 shares in the last quarter. Clear Street Derivatives LLC bought a new position in shares of NVIDIA during the third quarter valued at approximately $4,589,905,000. Geode Capital Management LLC grew its stake in NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NVIDIA by 3.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Finally, National Pension Service grew its stake in NVIDIA by 14.9% in the third quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock worth $5,734,483,000 after purchasing an additional 6,118,674 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

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Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. 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 available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Down 1.5 %

Shares of NASDAQ NVDA traded down $1.73 during midday trading on Friday, hitting $109.71. 113,258,851 shares of the company's stock were exchanged, compared to its average volume of 314,758,471. The firm's fifty day simple moving average is $125.57 and its 200-day simple moving average is $131.32. 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 market cap of $2.68 trillion, a PE ratio of 43.01, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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 issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVDA. Mizuho dropped their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Barclays upped their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, DA Davidson reduced their target price on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.

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.