Three Seasons Wealth LLC Purchases Shares of 19,271 NVIDIA Co. (NASDAQ:NVDA)

Three Seasons Wealth LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,271 shares of the computer hardware maker’s stock, valued at approximately $2,588,000. NVIDIA accounts for 1.3% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other large investors also recently made changes to their positions in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. HSBC lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. DA Davidson decreased their price target on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, Barclays decreased their price target on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. One investment 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 company’s stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.84.

NVIDIA Stock Performance

Shares of NVDA opened at $135.57 on Tuesday. The company has a market capitalization of $3.32 trillion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company’s fifty day moving average price is $112.73 and its 200 day moving average price is $126.93.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently owned by company insiders.

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.