Gibson Wealth Advisors LLC Sells 443 Shares of NVIDIA Co. (NASDAQ:NVDA)

Gibson Wealth Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,417 shares of the computer hardware maker’s stock after selling 443 shares during the quarter. NVIDIA comprises 1.4% of Gibson Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Gibson Wealth Advisors LLC’s holdings in NVIDIA were worth $1,667,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the fourth quarter worth about $46,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the 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 transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were 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 of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 4.2%

Shares of NVDA stock opened at $135.34 on Thursday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a 50 day simple moving average of $111.24 and a two-hundred day simple moving average of $127.14. The company has a market cap of $3.31 trillion, a P/E ratio of 53.26, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Raymond James restated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Morgan Stanley cut their target price on NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Finally, Susquehanna reiterated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.84.

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.