Walled Lake Planning & Wealth Management LLC Acquires 152 Shares of NVIDIA Co. (NASDAQ:NVDA)

Walled Lake Planning & Wealth Management LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,064 shares of the computer hardware maker’s stock after purchasing an additional 152 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in NVIDIA were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Norges Bank bought a new stake in NVIDIA in the 4th quarter valued at $43,515,504,000. Clear Street Derivatives LLC acquired a new position in shares of NVIDIA in the third quarter valued at $4,589,905,000. Proficio Capital Partners LLC raised its position in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. GQG Partners LLC lifted its stake in shares of NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock worth $3,450,975,000 after buying an additional 14,636,057 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of NVIDIA by 26.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 65,827,070 shares of the computer hardware maker’s stock worth $8,840,117,000 after buying an additional 13,571,425 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA opened at $114.50 on Friday. The business has a 50-day moving average of $110.85 and a 200-day moving average of $128.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current 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 issued a dividend of $0.01 per share. 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 0.03%. NVIDIA’s payout ratio is currently 1.36%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NVDA shares. TD Cowen cut their price objective on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Rosenblatt Securities cut their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $164.96.

Insider Transactions at NVIDIA

In other news, 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 $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate 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.