HHM Wealth Advisors LLC Sells 87 Shares of NVIDIA Co. (NASDAQ:NVDA)

HHM Wealth Advisors LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,365 shares of the computer hardware maker’s stock after selling 87 shares during the quarter. HHM Wealth Advisors LLC’s holdings in NVIDIA were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the third quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC boosted its position 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 purchasing an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC boosted its position in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. Sanford C. Bernstein upped their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Jefferies Financial Group upped their price target on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Loop Capital began coverage on shares of NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Finally, Piper Sandler Companies upped their target price 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $941.55.

NVIDIA Stock Up 3.8 %

Shares of NVIDIA stock opened at $921.40 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1 year low of $280.46 and a 1 year high of $974.00. The firm’s 50-day moving average is $869.99 and its two-hundred day moving average is $655.88. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 77.17, a PEG ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the business earned $0.65 EPS. The company’s revenue was up 265.3% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the 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 directly 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. In the last ninety days, insiders have sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Company 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.