DecisionMap Wealth Management LLC Invests $2.97 Million in NVIDIA Co. (NASDAQ:NVDA)

DecisionMap Wealth Management LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,144 shares of the computer hardware maker's stock, valued at approximately $2,974,000. NVIDIA comprises about 2.4% of DecisionMap Wealth Management LLC's portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently modified their holdings of NVDA. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NVIDIA by 3.8% in the 3rd 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 purchasing an additional 6,526,200 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of NVIDIA by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after purchasing an additional 5,211,040 shares during the period. Amundi raised its holdings in NVIDIA by 12.9% in the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after purchasing an additional 13,406,054 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in NVIDIA by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker's stock worth $13,205,995,000 after buying an additional 1,618,672 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 3.0 %

NVDA traded down $3.16 during mid-day trading on Friday, hitting $101.33. 290,593,259 shares of the stock were exchanged, compared to its average volume of 312,017,771. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.47 trillion, a PE ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. The firm's fifty day moving average is $116.56 and its two-hundred day moving average is $129.78. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

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

NVIDIA Announces Dividend

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

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $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 SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group decreased their price objective on shares of NVIDIA from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Citigroup reissued a "buy" rating on shares of NVIDIA in a report on Wednesday. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $165.51.

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.