NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 81,273 shares of the computer hardware maker’s stock after selling 53 shares during the period. NVIDIA accounts for 3.4% of Private Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Private Wealth Partners LLC’s holdings in NVIDIA were worth $40,248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wendell David Associates Inc. grew its stake in shares of NVIDIA by 53.6% during the third quarter. Wendell David Associates Inc. now owns 1,289 shares of the computer hardware maker’s stock worth $561,000 after purchasing an additional 450 shares during the period. Highview Capital Management LLC DE grew its stake in shares of NVIDIA by 60.9% during the third quarter. Highview Capital Management LLC DE now owns 4,070 shares of the computer hardware maker’s stock worth $1,770,000 after purchasing an additional 1,541 shares during the period. Pettee Investors Inc. grew its stake in shares of NVIDIA by 3.8% during the third quarter. Pettee Investors Inc. now owns 6,080 shares of the computer hardware maker’s stock worth $2,645,000 after purchasing an additional 220 shares during the period. Walter & Keenan Wealth Management LLC IN ADV grew its stake in shares of NVIDIA by 29.6% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,959 shares of the computer hardware maker’s stock worth $852,000 after purchasing an additional 447 shares during the period. Finally, HCR Wealth Advisors grew its stake in shares of NVIDIA by 1.0% during the third quarter. HCR Wealth Advisors now owns 18,377 shares of the computer hardware maker’s stock worth $7,994,000 after purchasing an additional 188 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on NVDA shares. Loop Capital started coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. TD Cowen lifted their target price on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. CICC Research started coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. UBS Group lifted their target price on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Needham & Company LLC lifted their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

Insider Activity

In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 128 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly 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 quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $887.89 on Monday. The business’s 50 day moving average price is $867.38 and its two-hundred day moving average price is $652.35. The company has a market cap of $2.22 trillion, a PE ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. 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 twelve month low of $272.40 and a twelve month high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given 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%.

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.