Schwallier Wealth Management LLC Acquires New Stake in NVIDIA Co. (NASDAQ:NVDA)

Schwallier Wealth Management LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,404 shares of the computer hardware maker's stock, valued at approximately $323,000. NVIDIA comprises 0.2% of Schwallier Wealth Management LLC's investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capstone Financial Advisors Inc. lifted its stake in shares of NVIDIA by 37.8% in the fourth quarter. Capstone Financial Advisors Inc. now owns 57,578 shares of the computer hardware maker's stock worth $7,732,000 after buying an additional 15,781 shares in the last quarter. Northern Trust Corp lifted its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. The Manufacturers Life Insurance Company raised its position 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 acquiring an additional 535,348 shares during the last quarter. Bellwether Advisors LLC grew its holdings in NVIDIA by 345.6% in the fourth quarter. Bellwether Advisors LLC now owns 98,294 shares of the computer hardware maker's stock valued at $13,200,000 after purchasing an additional 76,236 shares during the period. Finally, Parkshore Wealth Management Inc. purchased a new stake in NVIDIA during the fourth quarter worth approximately $940,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVIDIA stock opened at $134.38 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a market cap of $3.29 trillion, a PE ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11. The company's 50-day moving average is $113.11 and its two-hundred day moving average is $126.98.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Morgan Stanley cut their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Rosenblatt Securities dropped their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $164.84.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly 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 worth $17,133,207. Company insiders own 4.23% of the company's stock.

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.

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