Integrated Wealth Concepts LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Integrated Wealth Concepts LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,066,060 shares of the computer hardware maker's stock after acquiring an additional 120,982 shares during the period. NVIDIA comprises about 1.7% of Integrated Wealth Concepts LLC's investment portfolio, making the stock its 6th largest position. Integrated Wealth Concepts LLC's holdings in NVIDIA were worth $143,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. boosted its holdings in NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after acquiring an additional 350 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the period. Weiss Asset Management LP acquired a new stake in shares of NVIDIA during the third quarter worth about $31,925,000. Weaver Consulting Group raised its position in shares of NVIDIA by 4.2% during the third quarter. Weaver Consulting Group now owns 23,839 shares of the computer hardware maker's stock worth $2,895,000 after purchasing an additional 963 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its position in shares of NVIDIA by 20.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 4,898,685 shares of the computer hardware maker's stock worth $594,896,000 after purchasing an additional 816,988 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Morgan Stanley decreased their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

NVIDIA Stock Performance

NVDA opened at $135.40 on Monday. The business has a fifty day simple moving average of $112.33 and a 200 day simple moving average of $126.93. The company has a market capitalization of $3.31 trillion, a PE ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity at NVIDIA

In related news, 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 value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last ninety days. 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.

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