NVIDIA Co. (NASDAQ:NVDA) is Pinnacle Wealth Planning Services Inc.'s 10th Largest Position

Pinnacle Wealth Planning Services Inc. lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,643 shares of the computer hardware maker's stock after selling 42,553 shares during the quarter. NVIDIA accounts for 0.3% of Pinnacle Wealth Planning Services Inc.'s holdings, making the stock its 10th biggest position. Pinnacle Wealth Planning Services Inc.'s holdings in NVIDIA were worth $12,575,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock traded up $1.79 during midday trading on Monday, reaching $112.72. The company's stock had a trading volume of 46,901,922 shares, compared to its average volume of 313,313,232. The stock has a market cap of $2.75 trillion, a PE ratio of 44.03, a price-to-earnings-growth 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 Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The business has a 50-day moving average price of $118.95 and a 200-day moving average price of $130.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid 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 dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Bank of America reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $168.39.

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.