NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Centric Wealth Management

Centric Wealth Management lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,534 shares of the computer hardware maker’s stock after selling 2,926 shares during the period. NVIDIA makes up approximately 1.4% of Centric Wealth Management’s portfolio, making the stock its 13th biggest holding. Centric Wealth Management’s holdings in NVIDIA were worth $5,309,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in NVIDIA in the 4th quarter valued at $17,393,000. Invenio Wealth Partners LLC boosted its holdings in shares of NVIDIA by 2.1% in the fourth quarter. Invenio Wealth Partners LLC now owns 42,952 shares of the computer hardware maker’s stock valued at $5,768,000 after acquiring an additional 878 shares in the last quarter. Lokken Investment Group LLC increased its stake in shares of NVIDIA by 1.4% during the fourth quarter. Lokken Investment Group LLC now owns 9,166 shares of the computer hardware maker’s stock worth $1,231,000 after acquiring an additional 129 shares during the period. Geode Capital Management LLC raised its holdings in NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Finally, National Wealth Management Group LLC lifted its position in NVIDIA by 1.3% in the fourth quarter. National Wealth Management Group LLC now owns 40,758 shares of the computer hardware maker’s stock valued at $5,473,000 after purchasing an additional 505 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities cut their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Mizuho reduced their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a report on Wednesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.96.

NVIDIA Stock Up 2.6 %

Shares of NASDAQ NVDA opened at $114.50 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.79 trillion, a PE ratio of 45.06, a P/E/G ratio of 1.76 and a beta of 1.96. The firm has a fifty day moving average of $110.85 and a 200-day moving average of $128.14. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Company 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.