Westwood Holdings Group Inc. Has $37.06 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Westwood Holdings Group Inc. lowered its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 276,001 shares of the computer hardware maker's stock after selling 19,603 shares during the period. Westwood Holdings Group Inc.'s holdings in NVIDIA were worth $37,064,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NVDA. Regent Peak Wealth Advisors LLC increased its stake in shares of NVIDIA by 0.4% in 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 acquiring an additional 322 shares in the last quarter. Wealth Group Ltd. increased its stake in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares in the last quarter. Affinity Capital Advisors LLC increased its stake in NVIDIA by 8.8% in the fourth quarter. Affinity Capital Advisors LLC now owns 7,290 shares of the computer hardware maker's stock valued at $1,022,000 after purchasing an additional 588 shares in the last quarter. Mayfair Advisory Group LLC raised its holdings in shares of NVIDIA by 14.1% during the fourth quarter. Mayfair Advisory Group LLC now owns 20,435 shares of the computer hardware maker's stock valued at $2,744,000 after purchasing an additional 2,520 shares during the period. Finally, Fiduciary Financial Group LLC boosted its position in shares of NVIDIA by 2.9% during the 4th quarter. Fiduciary Financial Group LLC now owns 68,361 shares of the computer hardware maker's stock worth $9,291,000 after purchasing an additional 1,924 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,147 shares of company stock worth $23,874,207. Insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.0%

NVDA stock traded up $0.03 during mid-day trading on Wednesday, hitting $141.25. The stock had a trading volume of 77,493,574 shares, compared to its average volume of 282,503,010. 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 fifty day moving average of $116.54 and a 200 day moving average of $126.31. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 55.64, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal 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 paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVDA shares. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Piper Sandler reissued an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Bank of America lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $171.66.

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.