Modern Wealth Management LLC Has $14.55 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Modern Wealth Management LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 77.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,933 shares of the computer hardware maker's stock after purchasing an additional 47,506 shares during the period. Modern Wealth Management LLC's holdings in NVIDIA were worth $14,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter worth $46,000. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Finally, Bank of America lowered their price objective on NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 4.2 %

Shares of NVDA traded up $4.58 during mid-day trading on Thursday, reaching $113.50. 65,435,564 shares of the company were exchanged, compared to its average volume of 301,953,937. The business has a 50 day simple moving average of $111.47 and a two-hundred day simple moving average of $128.49. 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 stock has a market capitalization of $2.77 trillion, a PE ratio of 44.63, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52 week low of $81.25 and a 52 week high of $195.95.

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, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared 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 0.04%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

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.