Evergreen Wealth Solutions LLC Has $6.60 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Evergreen Wealth Solutions LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,113 shares of the computer hardware maker's stock after purchasing an additional 3,912 shares during the quarter. NVIDIA makes up about 4.6% of Evergreen Wealth Solutions LLC's investment portfolio, making the stock its 3rd largest position. Evergreen Wealth Solutions LLC's holdings in NVIDIA were worth $6,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Owen LaRue LLC raised its stake in shares of NVIDIA by 0.6% in the 4th quarter. Owen LaRue LLC now owns 55,989 shares of the computer hardware maker's stock valued at $7,519,000 after buying an additional 361 shares in the last quarter. Schwallier Wealth Management LLC bought a new stake in NVIDIA in the fourth quarter valued at about $323,000. Capstone Financial Advisors Inc. increased its stake in NVIDIA by 37.8% in the fourth quarter. Capstone Financial Advisors Inc. now owns 57,578 shares of the computer hardware maker's stock valued at $7,732,000 after acquiring an additional 15,781 shares during the period. Northern Trust Corp raised its position in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in NVIDIA by 2.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 23,898,205 shares of the computer hardware maker's stock worth $3,209,421,000 after purchasing an additional 535,348 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NVDA opened at $131.80 on Thursday. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $3.22 trillion, a PE ratio of 51.87, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a fifty day moving average price of $113.31 and a two-hundred day moving average price of $127.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. As a group, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Insider Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA 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 sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last quarter. Corporate insiders own 4.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Bank of America boosted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.84.

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.

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