Warther Private Wealth LLC Sells 1,089 Shares of NVIDIA Co. (NASDAQ:NVDA)

Warther Private Wealth LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,208 shares of the computer hardware maker's stock after selling 1,089 shares during the quarter. NVIDIA makes up 2.0% of Warther Private Wealth LLC's portfolio, making the stock its 18th largest holding. Warther Private Wealth LLC's holdings in NVIDIA were worth $3,569,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in NVIDIA during the 4th quarter worth about $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC grew its holdings in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker's stock worth $43,000 after acquiring an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC lifted its stake in shares of NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker's stock valued at $45,000 after purchasing an additional 53 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA stock traded down $18.80 during trading hours on Friday, hitting $924.79. 35,969,103 shares of the stock were exchanged, compared to its average volume of 43,336,076. The company has a 50-day simple moving average of $882.98 and a two-hundred day simple moving average of $683.64. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a P/E/G ratio of 1.33 and a beta of 1.75. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts' consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the firm earned $0.65 earnings per share. NVIDIA's revenue for the quarter was up 265.3% compared to the same quarter last year. On average, analysts forecast that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio is presently 1.34%.

Insider Activity

In related news, Director Mark A. Stevens sold 22,700 shares of the company's stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares of the company's stock, valued at $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. Mizuho increased their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Evercore ISI began coverage on shares of NVIDIA in a research note on Tuesday, April 16th. They set an "outperform" rating and a $1,160.00 price objective on the stock. Piper Sandler Companies upped their target price on shares of NVIDIA to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Truist Financial lifted their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Finally, Susquehanna restated a "positive" rating and issued a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $966.55.

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.