NVIDIA Co. (NASDAQ:NVDA) Shares Sold by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 35.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,860 shares of the computer hardware maker’s stock after selling 6,072 shares during the period. NVIDIA makes up approximately 0.8% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 28th largest position. BlueChip Wealth Advisors LLC’s holdings in NVIDIA were worth $1,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tacita Capital Inc purchased a new position in NVIDIA in the fourth quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 4th quarter valued at $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93 % 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. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Susquehanna reiterated a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a report on Friday, April 25th. Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Raymond James restated a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Rosenblatt Securities lowered their price objective on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $164.96.

NVIDIA Price Performance

NASDAQ NVDA opened at $111.61 on Friday. NVIDIA Co. has a 12 month low of $83.20 and a 12 month high of $195.95. The firm has a market capitalization of $2.72 trillion, a PE ratio of 43.92, a P/E/G ratio of 1.76 and a beta of 1.96. The company’s 50 day simple moving average is $111.09 and its 200 day simple moving average is $128.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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 company 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%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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