Legacy Capital Wealth Partners LLC Sells 441 Shares of NVIDIA Co. (NASDAQ:NVDA)

Legacy Capital Wealth Partners LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 8.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,629 shares of the computer hardware maker’s stock after selling 441 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in NVIDIA were worth $2,293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NVDA. Lodestar Private Asset Management LLC lifted its position in 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 in the last quarter. Campbell Newman Asset Management Inc. raised its stake in shares of 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 period. Kraft Davis & Associates LLC lifted its holdings in shares of NVIDIA by 0.6% in the fourth quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker’s stock valued at $1,509,000 after purchasing an additional 18 shares in the last quarter. IAG Wealth Partners LLC boosted its position in shares of NVIDIA by 4.4% during the fourth quarter. IAG Wealth Partners LLC now owns 430 shares of the computer hardware maker’s stock worth $213,000 after buying an additional 18 shares during the period. Finally, Aprio Wealth Management LLC grew its holdings in shares of NVIDIA by 1.8% during the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock worth $523,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.8 %

NASDAQ NVDA opened at $921.40 on Tuesday. The business has a fifty day moving average price of $869.99 and a two-hundred day moving average price of $655.88. The stock has a market capitalization of $2.30 trillion, a PE ratio of 77.17, a PEG ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a fifty-two week low of $280.46 and a fifty-two week high of $974.00. 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 (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping 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 business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the company earned $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s 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 owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s 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 sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last three months. 3.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on NVDA. Wells Fargo & Company upped their price target on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. TD Cowen boosted their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Jefferies Financial Group raised their price objective on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. upped their target price on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

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.