NVIDIA Co. (NASDAQ:NVDA) is Tradition Wealth Management LLC’s 9th Largest Position

Tradition Wealth Management LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 151,301 shares of the computer hardware maker’s stock after purchasing an additional 17,967 shares during the quarter. NVIDIA accounts for about 1.8% of Tradition Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Tradition Wealth Management LLC’s holdings in NVIDIA were worth $20,318,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Transce3nd LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $895,000. Trajan Wealth LLC bought a new position in NVIDIA during the fourth quarter valued at $548,000. Seaview Investment Managers LLC grew its holdings in shares of NVIDIA by 6.4% in the fourth quarter. Seaview Investment Managers LLC now owns 97,795 shares of the computer hardware maker’s stock worth $13,133,000 after purchasing an additional 5,877 shares during the last quarter. Sharpepoint LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $4,731,000. Finally, Landing Point Financial Group LLC purchased a new stake in NVIDIA in the fourth quarter worth about $4,246,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Susquehanna reiterated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson cut their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Citigroup restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 3,085,765 shares in the company, 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. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $135.40 on Friday. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The stock’s 50 day moving average price is $112.33 and its 200 day moving average price is $126.97. 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 firm has a market capitalization of $3.31 trillion, a PE ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced 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. The business had revenue of $39.33 billion for 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%. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.