International Private Wealth Advisors LLC Decreases Stake in NVIDIA Corporation $NVDA

International Private Wealth Advisors LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 57.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,665 shares of the computer hardware maker’s stock after selling 19,529 shares during the period. NVIDIA comprises about 1.7% of International Private Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. International Private Wealth Advisors LLC’s holdings in NVIDIA were worth $2,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winnow Wealth LLC purchased a new stake in NVIDIA during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at approximately $40,000. Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA during the third quarter worth approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in shares of NVIDIA during the second quarter worth approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the completion of the transaction, the executive vice president owned 3,018,547 shares in the company, valued at $550,130,190.75. The trade was a 9.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 42,650 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the sale, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,401,616 shares of company stock worth $253,555,407. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $177.39 on Friday. The company’s fifty day moving average is $182.41 and its two-hundred day moving average is $184.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The stock has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 0.59 and a beta of 2.34.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, beating the consensus estimate of $1.54 by $0.08. The business had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company’s quarterly revenue was up 73.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s dividend payout ratio is presently 0.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America upped their price target on shares of NVIDIA from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of NVIDIA in a report on Tuesday, March 31st. Wolfe Research boosted their target price on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Monday, March 23rd. Finally, Barclays reiterated a “buy” rating on shares of NVIDIA in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $275.25.

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NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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