NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Centric Wealth Management

Centric Wealth Management decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,534 shares of the computer hardware maker's stock after selling 2,926 shares during the quarter. NVIDIA accounts for about 1.4% of Centric Wealth Management's investment portfolio, making the stock its 13th largest position. Centric Wealth Management's holdings in NVIDIA were worth $5,309,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at approximately $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at approximately $46,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 2.6 %

Shares of NVDA traded up $2.89 during midday trading on Friday, reaching $114.50. 189,662,858 shares of the stock were exchanged, compared to its average volume of 300,427,940. The company has a market capitalization of $2.79 trillion, a P/E ratio of 45.06, a PEG ratio of 1.76 and a beta of 1.96. 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 52 week low of $86.62 and a 52 week high of $195.95. The company's 50 day moving average is $110.85 and its two-hundred day moving average is $128.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Barclays reduced their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. TD Cowen decreased their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.96.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last 90 days. Company insiders own 4.23% of the company's stock.

NVIDIA 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.