Onyx Bridge Wealth Group LLC Has $2.94 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Onyx Bridge Wealth Group LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.6% during the 4th quarter, HoldingsChannel reports. The firm owned 5,930 shares of the computer hardware maker’s stock after selling 558 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in NVIDIA were worth $2,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC grew its stake in shares of NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. O Brien Wealth Partners LLC increased its position in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. Finally, Beacon Capital Management Inc. bought a new position in NVIDIA during the fourth quarter worth $50,000. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on NVDA shares. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Susquehanna reiterated a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a research note on Thursday, April 4th. Evercore ISI began coverage on NVIDIA in a research note on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $940.30.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA 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 completion of the transaction, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $877.35 on Monday. The firm has a market cap of $2.19 trillion, a PE ratio of 73.48, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 12 month low of $266.25 and a 12 month high of $974.00. The company’s fifty day simple moving average is $854.40 and its 200-day simple moving average is $637.76. 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 (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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders 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 of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is presently 1.34%.

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.