Independent Solutions Wealth Management LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Independent Solutions Wealth Management LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,254 shares of the computer hardware maker’s stock after selling 652 shares during the period. NVIDIA accounts for 3.1% of Independent Solutions Wealth Management LLC’s portfolio, making the stock its 5th largest position. Independent Solutions Wealth Management LLC’s holdings in NVIDIA were worth $14,135,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. DiNuzzo Private Wealth Inc. raised its position in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after acquiring an additional 71 shares during the period. Palisade Asset Management LLC increased its stake in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares in the last quarter. Baker Boyer National Bank raised its holdings in NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after purchasing an additional 76 shares during the period. Kwmg LLC lifted its position in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after purchasing an additional 77 shares in the last quarter. Finally, SC&H Financial Advisors Inc. grew its holdings in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after purchasing an additional 80 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Bank of America reduced their price objective on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Truist Financial lifted their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Citigroup reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $165.01.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction dated 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 in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $106.43 on Friday. 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 $2.60 trillion, a PE ratio of 41.89, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a 50 day moving average price of $113.77 and a 200-day moving average price of $129.16. 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 issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA Profile

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.