Congress Wealth Management LLC DE Has $117.22 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Congress Wealth Management LLC DE lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 872,857 shares of the computer hardware maker's stock after selling 9,707 shares during the quarter. NVIDIA comprises about 1.6% of Congress Wealth Management LLC DE's investment portfolio, making the stock its 6th biggest holding. Congress Wealth Management LLC DE's holdings in NVIDIA were worth $117,216,000 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 NVDA. Clune & Associates LTD. bought a new stake in NVIDIA in the fourth quarter worth about $3,955,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $846,000. McCollum Christoferson Group LLC lifted its stake in NVIDIA by 2.1% during the fourth quarter. McCollum Christoferson Group LLC now owns 15,218 shares of the computer hardware maker's stock valued at $2,044,000 after purchasing an additional 318 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in NVIDIA during the fourth quarter worth approximately $581,000. Finally, Cedar Wealth Management LLC grew its position in NVIDIA by 112.9% in the fourth quarter. Cedar Wealth Management LLC now owns 11,050 shares of the computer hardware maker's stock worth $1,484,000 after buying an additional 5,860 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 4.3 %

Shares of NVIDIA stock opened at $111.01 on Friday. NVIDIA Co. has a 52-week low of $81.25 and a 52-week high of $195.95. The firm has a market capitalization of $2.71 trillion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. 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's fifty day moving average price is $113.21 and its two-hundred day moving average price is $128.99.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 net margin of 55.69% and a return on equity of 114.83%. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last three months. Company insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Mizuho reduced their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

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.

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