Executive Wealth Management LLC Purchases 1,041 Shares of NVIDIA Co. (NASDAQ:NVDA)

Executive Wealth Management LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 25,775 shares of the computer hardware maker’s stock after buying an additional 1,041 shares during the period. NVIDIA comprises approximately 1.2% of Executive Wealth Management LLC’s holdings, making the stock its 19th largest holding. Executive Wealth Management LLC’s holdings in NVIDIA were worth $12,765,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NVDA. Moody Lynn & Lieberson LLC boosted its position in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of NVIDIA in the 4th quarter worth $2,639,000. McLean Asset Management Corp boosted its position in shares of NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after purchasing an additional 186 shares during the last quarter. Shilanski & Associates Inc. boosted its position in shares of NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after purchasing an additional 410 shares during the last quarter. Finally, WealthPLAN Partners LLC boosted its position in shares of NVIDIA by 14.3% in the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock worth $3,931,000 after purchasing an additional 996 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and issued a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Morgan Stanley raised their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Tigress Financial raised their price target on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Piper Sandler lifted their target price on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Truist Financial lifted their target price on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Price Performance

NASDAQ:NVDA opened at $840.35 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock’s 50-day simple moving average is $840.89 and its 200 day simple moving average is $618.47. The company has a market cap of $2.10 trillion, a P/E ratio of 70.38, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. 3.99% of the stock is currently owned by insiders.

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.