44,049 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 44,049 shares of the computer hardware maker’s stock, valued at approximately $5,915,000. NVIDIA makes up 5.0% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its position in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after buying an additional 71 shares during the last quarter. Palisade Asset Management LLC grew its holdings in NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after purchasing an additional 75 shares during the period. Baker Boyer National Bank grew its holdings in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares during the period. Kwmg LLC grew its holdings in NVIDIA by 0.6% in 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 during the period. Finally, SC&H Financial Advisors Inc. grew its holdings in NVIDIA by 1.6% in 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. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 2.0 %

NASDAQ:NVDA opened at $108.76 on Tuesday. The company has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $81.25 and a one year high of $195.95. The stock has a 50-day simple moving average of $112.60 and a 200 day simple moving average of $128.76. 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 results 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 business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Tigress Financial restated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson lowered their target price on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Rosenblatt Securities lowered their target price on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, Susquehanna reiterated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.96.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was 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 $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. Company insiders own 4.23% 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.