LWM Advisory Services LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

LWM Advisory Services LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,020 shares of the computer hardware maker’s stock after purchasing an additional 25 shares during the quarter. NVIDIA accounts for about 0.9% of LWM Advisory Services LLC’s holdings, making the stock its 23rd biggest holding. LWM Advisory Services LLC’s holdings in NVIDIA were worth $1,000,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Steele Capital Management Inc. purchased a new stake in NVIDIA during the 4th quarter worth about $5,210,000. Adell Harriman & Carpenter Inc. increased its stake in shares of NVIDIA by 6.7% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 96,041 shares of the computer hardware maker’s stock worth $47,562,000 after buying an additional 6,034 shares during the period. Israel Discount Bank of New York raised its holdings in NVIDIA by 20.5% in the fourth quarter. Israel Discount Bank of New York now owns 3,074 shares of the computer hardware maker’s stock valued at $1,522,000 after acquiring an additional 522 shares in the last quarter. EWA LLC lifted its stake in NVIDIA by 432.2% in the fourth quarter. EWA LLC now owns 6,418 shares of the computer hardware maker’s stock worth $3,178,000 after acquiring an additional 5,212 shares during the last quarter. Finally, Naviter Wealth LLC grew its holdings in NVIDIA by 39.8% during the 4th quarter. Naviter Wealth LLC now owns 8,176 shares of the computer hardware maker’s stock worth $4,049,000 after acquiring an additional 2,329 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NVDA shares. Sanford C. Bernstein raised their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Truist Financial boosted their target price on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Bank of America raised their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. UBS Group boosted their target price on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, CICC Research assumed coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective for the company. 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 stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $944.05.

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $904.12 on Thursday. The company has a market cap of $2.26 trillion, a PE ratio of 75.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $872.36 and a two-hundred day moving average price of $659.34. NVIDIA Co. has a 12-month low of $280.46 and a 12-month high of $974.00.

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

NVIDIA Announces Dividend

The firm also recently disclosed 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 currently 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.