Wick Capital Partners LLC Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Wick Capital Partners LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 94.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 459 shares of the computer hardware maker’s stock after selling 8,373 shares during the period. Wick Capital Partners LLC’s holdings in NVIDIA were worth $62,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other NVIDIA news, 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Barclays dropped their target price on NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Raymond James reiterated a “strong-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 issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $164.84.

NVIDIA Stock Performance

NASDAQ NVDA opened at $131.80 on Thursday. 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 stock’s 50 day simple moving average is $113.31 and its 200-day simple moving average is $127.02. The company has a market cap of $3.22 trillion, a PE ratio of 51.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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 the consensus estimate of $38.16 billion. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

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.