Western Wealth Management LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 82.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,421 shares of the computer hardware maker's stock after selling 248,986 shares during the period. NVIDIA makes up approximately 2.1% of Western Wealth Management LLC's holdings, making the stock its 5th largest position. Western Wealth Management LLC's holdings in NVIDIA were worth $6,905,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in NVDA. Regent Peak Wealth Advisors LLC increased its holdings in NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after purchasing an additional 322 shares in the last quarter. Wealth Group Ltd. lifted its holdings in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares in the last quarter. Mason & Associates Inc raised its stake in shares of NVIDIA by 5.4% in the 4th quarter. Mason & Associates Inc now owns 39,789 shares of the computer hardware maker's stock valued at $5,343,000 after purchasing an additional 2,029 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of NVIDIA by 10.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 148,930 shares of the computer hardware maker's stock valued at $20,000,000 after purchasing an additional 14,363 shares during the period. Finally, IFS Advisors LLC increased its position in shares of NVIDIA by 17.1% in the fourth quarter. IFS Advisors LLC now owns 1,060 shares of the computer hardware maker's stock valued at $142,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Price Performance
Shares of NASDAQ:NVDA traded down $1.93 during trading on Thursday, hitting $139.99. 228,903,974 shares of the company were exchanged, compared to its average volume of 282,161,636. The business's 50 day moving average is $117.19 and its 200-day moving average is $126.42. The company has a market capitalization of $3.42 trillion, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 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.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Equities analysts forecast 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 will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on NVDA shares. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and set a $170.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $171.66.
Get Our Latest Stock Report on NVDA
Insider Activity at NVIDIA
In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,257,983 shares of company stock worth $172,973,349 over the last three months. Company insiders own 4.17% of the company's stock.
NVIDIA Profile
(
Free Report)
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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