NVIDIA Co. (NASDAQ:NVDA) Holdings Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 77.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,933 shares of the computer hardware maker's stock after buying an additional 47,506 shares during the period. Modern Wealth Management LLC's holdings in NVIDIA were worth $14,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Truist Financial upped their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday. Finally, Morgan Stanley cut their target price on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday. Six 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NVDA stock traded up $0.29 during midday trading on Tuesday, reaching $109.02. 168,927,158 shares of the company were exchanged, compared to its average volume of 303,716,612. The company's 50 day moving average price is $112.60 and its two-hundred day moving average price is $128.76. 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 company has a market cap of $2.66 trillion, a P/E ratio of 42.90, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $81.25 and a 12 month high of $195.95.

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

NVIDIA Announces Dividend

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

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.