NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by WPWealth LLP

WPWealth LLP boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,013 shares of the computer hardware maker’s stock after purchasing an additional 1,033 shares during the period. NVIDIA makes up approximately 0.3% of WPWealth LLP’s portfolio, making the stock its 23rd biggest holding. WPWealth LLP’s holdings in NVIDIA were worth $1,613,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Wealth Dimensions Group Ltd. lifted its stake in NVIDIA by 15.7% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 48,004 shares of the computer hardware maker’s stock worth $6,446,000 after purchasing an additional 6,497 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in NVIDIA by 5.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,326,815 shares of the computer hardware maker’s stock valued at $178,059,000 after buying an additional 69,888 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of NVIDIA by 114.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,742,933 shares of the computer hardware maker’s stock worth $234,058,000 after purchasing an additional 930,495 shares during the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of NVIDIA by 18.1% during the 4th quarter. Transatlantique Private Wealth LLC now owns 9,487 shares of the computer hardware maker’s stock worth $1,274,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Tradition Wealth Management LLC lifted its position in NVIDIA by 13.5% in the fourth quarter. Tradition Wealth Management LLC now owns 151,301 shares of the computer hardware maker’s stock valued at $20,318,000 after acquiring an additional 17,967 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on NVDA shares. TD Cowen dropped their price target on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Morgan Stanley lowered their price target on shares of NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Bank of America raised their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.84.

NVIDIA Stock Performance

Shares of NVDA opened at $135.40 on Friday. 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 company has a market capitalization of $3.31 trillion, a PE ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company’s 50 day moving average price is $112.33 and its 200 day moving average price is $126.97.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction on 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 directly owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.23% of the stock is owned by company insiders.

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.