Babb Wealth Advisors LLC Acquires Shares of 2,052 NVIDIA Co. (NASDAQ:NVDA)

Babb Wealth Advisors LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,052 shares of the computer hardware maker’s stock, valued at approximately $276,000. NVIDIA accounts for 0.2% of Babb Wealth Advisors LLC’s portfolio, making the stock its 19th largest position.

Several other institutional investors have also recently made changes to their positions in NVDA. Geode Capital Management LLC grew its holdings in NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock worth $21,908,236,000 after purchasing an additional 6,526,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker’s stock worth $20,315,409,000 after buying an additional 5,211,040 shares during the last quarter. Fisher Asset Management LLC increased its position in NVIDIA by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker’s stock valued at $13,205,995,000 after buying an additional 1,618,672 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in NVIDIA by 0.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker’s stock valued at $8,542,944,000 after buying an additional 186,761 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NVDA opened at $110.93 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a 50 day moving average price of $118.95 and a 200-day moving average price of $130.36. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The stock has a market capitalization of $2.71 trillion, a PE ratio of 43.66, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. Susquehanna restated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Citigroup decreased their price objective on shares of NVIDIA from $163.00 to $150.00 and set a “buy” rating for the company in a report on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.39.

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.