Wise Wealth Partners Invests $582,000 in NVIDIA Co. (NASDAQ:NVDA)

Wise Wealth Partners acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,335 shares of the computer hardware maker's stock, valued at approximately $582,000. NVIDIA accounts for 1.4% of Wise Wealth Partners' portfolio, making the stock its 12th biggest holding.

Several other hedge funds also recently bought and sold shares of NVDA. SOA Wealth Advisors LLC. increased its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after buying an additional 350 shares during the period. Principal Financial Group Inc. grew its stake in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. Chiron Investment Management LLC grew its stake in NVIDIA by 2.3% in the 3rd quarter. Chiron Investment Management LLC now owns 111,878 shares of the computer hardware maker's stock worth $13,586,000 after acquiring an additional 2,561 shares in the last quarter. Asset Allocation Strategies LLC increased its position in shares of NVIDIA by 38.1% during the third quarter. Asset Allocation Strategies LLC now owns 6,944 shares of the computer hardware maker's stock worth $843,000 after acquiring an additional 1,915 shares during the period. Finally, Arete Wealth Advisors LLC bought a new stake in shares of NVIDIA during the third quarter valued at approximately $23,514,000. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley dropped 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. Rosenblatt Securities dropped their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. UBS Group lowered their price objective on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $164.84.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated 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 owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $131.80 on Thursday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two 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 price-to-earnings ratio of 51.87, a PEG ratio of 1.76 and a beta of 2.11. The stock's 50-day simple moving average is $113.31 and its 200-day simple moving average is $127.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $38.16 billion. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

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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