Oxford Wealth Group LLC Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

Oxford Wealth Group LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,050 shares of the computer hardware maker’s stock after selling 641 shares during the period. NVIDIA accounts for about 2.3% of Oxford Wealth Group LLC’s holdings, making the stock its 10th biggest position. Oxford Wealth Group LLC’s holdings in NVIDIA were worth $3,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MGO One Seven LLC raised its stake in shares of NVIDIA by 0.5% in the fourth quarter. MGO One Seven LLC now owns 1,061,906 shares of the computer hardware maker’s stock worth $142,603,000 after purchasing an additional 5,087 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Alta Advisers Ltd raised its stake in shares of NVIDIA by 17.1% in the fourth quarter. Alta Advisers Ltd now owns 81,612 shares of the computer hardware maker’s stock worth $10,960,000 after purchasing an additional 11,912 shares during the last quarter. Dilation Capital Management LP purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $9,367,000. Finally, Aldebaran Financial Inc. raised its stake in shares of NVIDIA by 0.5% in the fourth quarter. Aldebaran Financial Inc. now owns 20,862 shares of the computer hardware maker’s stock worth $2,868,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $135.40 on Monday. The stock has a market cap 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 Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock has a fifty day moving average of $112.33 and a 200-day moving average of $126.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. 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 is currently 1.36%.

Insider Transactions at NVIDIA

In related 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 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 sale 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 the company’s 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 $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NVDA shares. Rosenblatt Securities lowered their price objective on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, TD Cowen decreased their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $164.84.

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.