NVIDIA Co. (NASDAQ:NVDA) Holdings Reduced by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 74.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,105 shares of the computer hardware maker's stock after selling 1,326,700 shares during the quarter. NVIDIA accounts for approximately 4.3% of Greenwich Wealth Management LLC's holdings, making the stock its 3rd biggest position. Greenwich Wealth Management LLC's holdings in NVIDIA were worth $61,385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the fourth quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Bank of America lowered their target price on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities lowered their target price on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Mizuho lowered their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. DA Davidson lowered their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Six research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.01.

NVIDIA Price Performance

NASDAQ:NVDA traded up $3.13 during mid-day trading on Thursday, reaching $105.84. The stock had a trading volume of 69,429,898 shares, compared to its average volume of 306,582,978. The firm has a 50 day moving average price of $114.42 and a two-hundred day moving average price of $129.31. The stock has a market capitalization of $2.58 trillion, a P/E ratio of 41.50, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $78.22 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate 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. As a group, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is currently 1.36%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. 4.23% of the stock is currently owned by company insiders.

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.