Westwood Wealth Management Has $104.23 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Westwood Wealth Management lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,170 shares of the computer hardware maker's stock after selling 6,626 shares during the quarter. NVIDIA comprises 37.7% of Westwood Wealth Management's investment portfolio, making the stock its biggest holding. Westwood Wealth Management's holdings in NVIDIA were worth $104,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. Morgan Stanley dropped their price target on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. Insiders own 4.23% of the company's stock.

NVIDIA Trading Up 2.9 %

Shares of NVIDIA stock opened at $116.89 on Thursday. The firm's 50 day simple moving average is $110.21 and its two-hundred day simple moving average is $127.73. The firm has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 46.00, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. 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 (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 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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