NVIDIA Co. (NASDAQ:NVDA) is Retirement Planning Co of New England Inc.’s 2nd Largest Position

Retirement Planning Co of New England Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,896 shares of the computer hardware maker’s stock after selling 626 shares during the quarter. NVIDIA makes up approximately 3.7% of Retirement Planning Co of New England Inc.’s portfolio, making the stock its 2nd biggest position. Retirement Planning Co of New England Inc.’s holdings in NVIDIA were worth $7,641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dopkins Wealth Management LLC boosted its stake in NVIDIA by 85.1% in the fourth quarter. Dopkins Wealth Management LLC now owns 5,554 shares of the computer hardware maker’s stock valued at $746,000 after acquiring an additional 2,554 shares in the last quarter. RD Lewis Holdings Inc. acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $2,399,000. Haven Capital Group Inc. acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $6,759,000. Cadence Wealth Management LLC grew its stake in NVIDIA by 3.6% during the 4th quarter. Cadence Wealth Management LLC now owns 4,473 shares of the computer hardware maker’s stock worth $601,000 after buying an additional 156 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC increased its position in NVIDIA by 7.9% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 23,963 shares of the computer hardware maker’s stock worth $3,218,000 after buying an additional 1,745 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVDA. Truist Financial raised their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Susquehanna reissued a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Piper Sandler dropped their price target on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.01.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $98.89 on Wednesday. NVIDIA Co. has a fifty-two week low of $78.22 and a fifty-two week high of $195.95. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.76 and a beta of 1.96. The stock has a fifty day moving average of $115.15 and a two-hundred day moving average of $129.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during 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%. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.