Johnson & White Wealth Management LLC Sells 3,478 Shares of NVIDIA Co. (NASDAQ:NVDA)

Johnson & White Wealth Management LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,544 shares of the computer hardware maker’s stock after selling 3,478 shares during the period. NVIDIA makes up about 2.6% of Johnson & White Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. Johnson & White Wealth Management LLC’s holdings in NVIDIA were worth $4,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of NVDA. DiNuzzo Private Wealth Inc. lifted its stake in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock worth $1,157,000 after acquiring an additional 71 shares during the period. Baker Boyer National Bank lifted its stake in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after acquiring an additional 76 shares during the period. SC&H Financial Advisors Inc. lifted its stake in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after acquiring an additional 80 shares during the period. DecisionPoint Financial LLC lifted its stake in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock worth $386,000 after acquiring an additional 80 shares during the period. Finally, Matthew Goff Investment Advisor LLC lifted its stake in shares of NVIDIA by 0.7% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker’s stock worth $1,544,000 after acquiring an additional 84 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on NVDA shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Bank of America lifted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Barclays reissued an “overweight” rating and issued a $170.00 price target (up from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. Rosenblatt Securities boosted their price target on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Finally, DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.24.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 2.1%

Shares of NVIDIA stock opened at $141.97 on Monday. The stock has a fifty day simple moving average of $122.77 and a 200 day simple moving average of $126.32. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13. The company has a market capitalization of $3.46 trillion, a P/E ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.29%.

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.