HMV Wealth Advisors LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

HMV Wealth Advisors LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,510 shares of the computer hardware maker's stock, valued at approximately $3,291,000. NVIDIA accounts for approximately 3.3% of HMV Wealth Advisors LLC's investment portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hickory Point Bank & Trust bought a new position in NVIDIA during the fourth quarter valued at about $2,272,000. Capital Performance Advisors LLP lifted its holdings in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the last quarter. Ethos Financial Group LLC boosted its position in shares of NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares in the last quarter. Metis Global Partners LLC grew its position in NVIDIA by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after buying an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. boosted its stake in shares of NVIDIA by 0.5% during the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock worth $948,229,000 after acquiring an additional 35,684 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. TD Cowen decreased their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.01.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

Shares of NVDA stock traded up $1.98 during mid-day trading on Tuesday, reaching $98.89. The stock had a trading volume of 236,352,439 shares, compared to its average volume of 308,248,699. NVIDIA Co. has a one year low of $78.22 and a one year high of $195.95. The firm has a market cap of $2.41 trillion, a PE ratio of 38.92, a P/E/G ratio of 1.76 and a beta of 1.96. The firm's 50 day simple moving average is $115.15 and its 200 day simple moving average is $129.50. 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 (NASDAQ:NVDA - Get Free Report) last issued 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. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA Company 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.