NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,790 shares of the computer hardware maker's stock after purchasing an additional 2,785 shares during the period. NVIDIA comprises approximately 0.6% of Connecticut Wealth Management LLC's holdings, making the stock its 23rd biggest position. Connecticut Wealth Management LLC's holdings in NVIDIA were worth $13,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter valued at about $40,000. LSV Asset Management bought a new stake in NVIDIA during the fourth quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC lifted its position in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Benchmark restated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,257,983 shares of company stock valued at $172,973,349. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA traded down $1.81 during mid-day trading on Thursday, hitting $140.11. The stock had a trading volume of 177,110,531 shares, compared to its average volume of 281,992,109. The firm's 50 day moving average is $117.19 and its 200 day moving average is $126.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

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.