NVIDIA Co. (NASDAQ:NVDA) is Private Wealth Partners LLC's 2nd Largest Position

Private Wealth Partners LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 761,062 shares of the computer hardware maker's stock after selling 10,678 shares during the period. NVIDIA accounts for approximately 7.8% of Private Wealth Partners LLC's portfolio, making the stock its 2nd largest position. Private Wealth Partners LLC's holdings in NVIDIA were worth $102,203,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 4th quarter worth $34,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at about $40,000. DHJJ Financial Advisors Ltd. increased its position in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC bought a new position in NVIDIA in the fourth quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. lifted its holdings in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after buying an additional 248 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Bank of America reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $171.51.

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Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction 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. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 in the last three months. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $0.72 during trading on Tuesday, hitting $120.69. The company had a trading volume of 166,951,502 shares, compared to its average volume of 314,666,735. The stock has a 50 day simple moving average of $126.68 and a 200 day simple moving average of $131.46. The firm has a market capitalization of $2.94 trillion, a P/E ratio of 47.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. 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 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, analysts anticipate 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 will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio 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.