Evolution Wealth Advisors LLC Sells 53 Shares of NVIDIA Co. (NASDAQ:NVDA)

Evolution Wealth Advisors LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 607 shares of the computer hardware maker’s stock after selling 53 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in NVIDIA were worth $301,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Lodestar Private Asset Management LLC grew its position in shares of NVIDIA by 1.0% in the 4th quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock valued at $818,000 after acquiring an additional 17 shares during the period. Campbell Newman Asset Management Inc. lifted its stake in NVIDIA by 0.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock valued at $1,481,000 after purchasing an additional 18 shares during the last quarter. Aprio Wealth Management LLC lifted its stake in NVIDIA by 1.8% in the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after purchasing an additional 19 shares during the last quarter. Palumbo Wealth Management LLC grew its holdings in NVIDIA by 0.7% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock worth $1,395,000 after purchasing an additional 19 shares during the period. Finally, Corundum Group Inc. increased its position in NVIDIA by 0.8% during the fourth quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock worth $1,179,000 after buying an additional 19 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 6.2 %

Shares of NVDA opened at $877.35 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a 52-week low of $266.25 and a 52-week high of $974.00. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a PEG ratio of 1.26 and a beta of 1.73. The business’s fifty day moving average is $854.40 and its 200-day moving average is $637.76.

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 firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors 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 is 1.34%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the company’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 transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last quarter. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft raised their price target on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Raymond James upped their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Argus raised their target price on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Morgan Stanley lifted their target price on shares of NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $940.30.

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.