NVIDIA Co. (NASDAQ:NVDA) is Ibex Wealth Advisors’ Largest Position

Ibex Wealth Advisors cut its position in NVIDIA Co. (NASDAQ:NVDA) by 99.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82 shares of the computer hardware maker’s stock after selling 82,705 shares during the quarter. NVIDIA accounts for 8.8% of Ibex Wealth Advisors’ portfolio, making the stock its largest position. Ibex Wealth Advisors’ holdings in NVIDIA were worth $40,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Norges Bank purchased a new position in shares of NVIDIA in the fourth quarter valued at $3,900,874,000. Moneta Group Investment Advisors LLC boosted its stake in shares of NVIDIA by 160,446.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after purchasing an additional 19,574,443 shares during the period. International Assets Investment Management LLC boosted its stake in shares of NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after purchasing an additional 16,835,703 shares during the period. Morgan Stanley boosted its stake in shares of NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares during the period. Finally, Barclays PLC boosted its stake in NVIDIA by 55.7% during the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after acquiring an additional 2,740,850 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NVDA shares. HSBC increased their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Susquehanna reiterated a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research note on Thursday, April 4th. Truist Financial increased their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Jefferies Financial Group increased their price objective on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Piper Sandler Companies raised their price target on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $762.00 on Friday. NVIDIA Co. has a twelve month low of $262.25 and a twelve 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. The company has a 50-day moving average of $844.71 and a 200-day moving average of $623.54. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating 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 analyst estimates of $20.40 billion. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. Analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 link. In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’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 sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last ninety days. 3.99% of the stock is currently owned by company insiders.

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.