NVIDIA Co. (NASDAQ:NVDA) is Naviter Wealth LLC's 5th Largest Position

Naviter Wealth LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 30.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 169,004 shares of the computer hardware maker's stock after acquiring an additional 39,750 shares during the period. NVIDIA makes up 2.7% of Naviter Wealth LLC's holdings, making the stock its 5th largest position. Naviter Wealth LLC's holdings in NVIDIA were worth $22,696,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVDA shares. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial increased their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Mizuho decreased their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $168.26.

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NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $0.22 during mid-day trading on Monday, reaching $110.71. The company had a trading volume of 263,467,199 shares, compared to its average volume of 314,106,571. The company's 50-day moving average price is $118.95 and its 200-day moving average price is $130.40. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The firm has a market cap of $2.70 trillion, a price-to-earnings ratio of 43.57, a PEG ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $39.33 billion for 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%. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal 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 dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was 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 have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate 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.