LMG Wealth Partners LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,706 shares of the computer hardware maker's stock after selling 2,543 shares during the quarter. LMG Wealth Partners LLC's holdings in NVIDIA were worth $766,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Elk River Wealth Management LLC lifted its holdings in NVIDIA by 0.6% during the fourth quarter. Elk River Wealth Management LLC now owns 50,335 shares of the computer hardware maker's stock worth $6,759,000 after acquiring an additional 318 shares during the period. Corps Capital Advisors LLC bought a new stake in NVIDIA in the fourth quarter worth about $5,192,000. Cumberland Partners Ltd boosted its stake in NVIDIA by 6.5% in the fourth quarter. Cumberland Partners Ltd now owns 139,284 shares of the computer hardware maker's stock valued at $18,704,000 after acquiring an additional 8,529 shares during the last quarter. Abacus Planning Group Inc. grew its position in shares of NVIDIA by 7.0% during the 4th quarter. Abacus Planning Group Inc. now owns 36,289 shares of the computer hardware maker's stock valued at $4,873,000 after acquiring an additional 2,360 shares during the period. Finally, Emerald Advisors LLC increased its stake in shares of NVIDIA by 17.4% during the 4th quarter. Emerald Advisors LLC now owns 14,348 shares of the computer hardware maker's stock worth $1,927,000 after purchasing an additional 2,127 shares during the last quarter. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Down 1.6 %
Shares of NASDAQ NVDA traded down $1.76 during midday trading on Friday, reaching $109.67. 113,258,851 shares of the company's stock were exchanged, compared to its average volume of 314,758,471. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The business's fifty day moving average price is $125.57 and its two-hundred day moving average price is $131.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $2.68 trillion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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 business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
Insider Transactions at NVIDIA
In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was 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 owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's 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 sale, the director now directly owns 17,279 shares of the company's stock, valued at $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. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last quarter. Company insiders own 4.23% of the company's stock.
Analyst Ratings Changes
NVDA has been the topic of a number of research reports. DA Davidson lowered their price objective on NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $171.51.
Read Our Latest Research Report on NVDA
NVIDIA Company Profile
(
Free Report)
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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