BSW Wealth Partners Has $3.58 Million Position in NVIDIA Co. (NASDAQ:NVDA)

BSW Wealth Partners raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,221 shares of the computer hardware maker’s stock after buying an additional 212 shares during the period. NVIDIA comprises about 0.7% of BSW Wealth Partners’ investment portfolio, making the stock its 25th biggest holding. BSW Wealth Partners’ holdings in NVIDIA were worth $3,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. United Bank lifted its stake in shares of NVIDIA by 28.9% in the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC increased its holdings in shares of NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC increased its holdings in shares of NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new stake in NVIDIA in the first quarter valued at about $929,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 2.5 %

Shares of NVDA stock opened at $860.01 on Tuesday. The firm has a fifty day moving average of $834.27 and a 200-day moving average of $613.81. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 72.03, a P/E/G ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue was up 265.3% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. 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. Bank of America boosted their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Mizuho boosted their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, Piper Sandler upped their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $926.30.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

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.