NVIDIA Co. (NASDAQ:NVDA) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,596 shares of the computer hardware maker's stock after selling 12,921 shares during the period. NVIDIA makes up about 10.3% of One Wealth Management Investment & Advisory Services LLC's holdings, making the stock its 2nd largest holding. One Wealth Management Investment & Advisory Services LLC's holdings in NVIDIA were worth $5,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $27,000. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA in the 3rd quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at $31,000. FPC Investment Advisory Inc. grew its holdings in shares of NVIDIA by 900.0% during the 2nd quarter. FPC Investment Advisory Inc. now owns 290 shares of the computer hardware maker's stock valued at $34,000 after purchasing an additional 261 shares during the last quarter. Finally, West Financial Advisors LLC purchased a new position in NVIDIA in the 3rd quarter worth $36,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Evercore ISI lifted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. UBS Group increased their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Loop Capital reaffirmed a "buy" rating and set a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Finally, Melius Research lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $164.15.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 125,000 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the completion of the transaction, the director now owns 8,255,117 shares of the company's stock, valued at approximately $1,012,159,895.37. This represents a 1.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,351,886 shares of company stock worth $176,825,650 in the last ninety days. 4.23% of the stock is owned by insiders.

NVIDIA Stock Down 2.3 %

Shares of NVDA traded down $3.20 during midday trading on Tuesday, reaching $134.29. 155,183,672 shares of the stock were exchanged, compared to its average volume of 377,359,844. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $139.66 and its two-hundred day moving average is $128.04. The company has a market capitalization of $3.29 trillion, a P/E ratio of 52.85, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company's quarterly revenue was up 93.6% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.57%.

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.