NVIDIA Co. (NASDAQ:NVDA) is Waycross Partners LLC’s 6th Largest Position

Waycross Partners LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 14.7% during the 4th quarter, HoldingsChannel reports. The firm owned 41,808 shares of the computer hardware maker’s stock after selling 7,179 shares during the quarter. NVIDIA accounts for about 3.9% of Waycross Partners LLC’s portfolio, making the stock its 6th largest position. Waycross Partners LLC’s holdings in NVIDIA were worth $20,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $28,000. Your Advocates Ltd. LLP purchased a new position in shares of NVIDIA in the third quarter valued at $30,000. O Brien Wealth Partners LLC grew its holdings in NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its stake in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Needham & Company LLC raised their target price on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. CICC Research began coverage on NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. JPMorgan Chase & Co. upped their target price on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Evercore ISI initiated coverage on shares of NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. Four research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $944.05.

NVIDIA Stock Down 0.2 %

NVDA stock opened at $904.12 on Thursday. The company has a 50 day moving average of $872.36 and a two-hundred day moving average of $659.34. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.72, a PEG ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a 12-month low of $280.46 and a 12-month high of $974.00. 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 issued 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. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 owns 1,124,583 shares of the company’s stock, valued at approximately $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 Mark A. Stevens sold 12,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last quarter. Company insiders own 3.99% of the company’s stock.

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.