Triad Wealth Partners LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Triad Wealth Partners LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,362 shares of the computer hardware maker's stock after acquiring an additional 4,338 shares during the quarter. NVIDIA comprises 1.2% of Triad Wealth Partners LLC's portfolio, making the stock its 21st biggest position. Triad Wealth Partners LLC's holdings in NVIDIA were worth $3,272,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its holdings in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after acquiring an additional 71 shares during the period. Smart Portfolios LLC grew its position in shares of NVIDIA by 2.7% during the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after purchasing an additional 75 shares in the last quarter. Palisade Asset Management LLC increased its holdings in shares of NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after purchasing an additional 75 shares during the period. Baker Boyer National Bank raised its position in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after buying an additional 76 shares in the last quarter. Finally, Kwmg LLC boosted its stake in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after buying an additional 77 shares during the period. 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 recent analyst reports. Barclays raised their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Citigroup dropped their target price on shares of NVIDIA from $163.00 to $150.00 and set a "buy" rating for the company in a research report on Friday. Mizuho decreased their price target 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $168.39.

NVIDIA Stock Up 3.1 %

Shares of NVIDIA stock traded up $3.36 during trading on Friday, hitting $110.93. The company's stock had a trading volume of 312,748,883 shares, compared to its average volume of 314,306,813. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a market capitalization of $2.71 trillion, a PE ratio of 43.66, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a fifty day simple moving average of $118.95 and a two-hundred day simple moving average of $130.40. 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 posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling

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