Accurate Wealth Management LLC Has $18.64 Million Holdings in NVIDIA Corporation $NVDA

Accurate Wealth Management LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,812 shares of the computer hardware maker’s stock after selling 7,078 shares during the quarter. NVIDIA accounts for about 2.4% of Accurate Wealth Management LLC’s holdings, making the stock its 5th largest holding. Accurate Wealth Management LLC’s holdings in NVIDIA were worth $18,636,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Generate Investment Management Ltd raised its holdings in shares of NVIDIA by 22.0% during the 4th quarter. Generate Investment Management Ltd now owns 852,764 shares of the computer hardware maker’s stock valued at $159,040,000 after buying an additional 153,654 shares in the last quarter. Legacy Solutions LLC grew its position in NVIDIA by 1.6% during the fourth quarter. Legacy Solutions LLC now owns 6,408 shares of the computer hardware maker’s stock valued at $1,195,000 after acquiring an additional 98 shares during the last quarter. Sherman Wealth Management LLC purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $1,695,000. BWM Planning LLC lifted its holdings in shares of NVIDIA by 58.6% in the 4th quarter. BWM Planning LLC now owns 3,233 shares of the computer hardware maker’s stock worth $603,000 after acquiring an additional 1,194 shares during the last quarter. Finally, Net Worth Advisory Group lifted its holdings in shares of NVIDIA by 24.2% in the 4th quarter. Net Worth Advisory Group now owns 38,439 shares of the computer hardware maker’s stock worth $7,169,000 after acquiring an additional 7,482 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

Insider Transactions at NVIDIA

In other 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 transaction, the executive vice president directly owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 42,650 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the transaction, the chief financial officer owned 881,387 shares of the company’s stock, valued at approximately $154,145,772.43. This represents a 4.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,401,616 shares of company stock worth $253,555,407. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $177.39 on Friday. The stock has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 36.20, a PEG ratio of 0.59 and a beta of 2.34. The firm’s 50-day moving average price is $182.41 and its two-hundred day moving average price is $184.24. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company 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%. NVIDIA’s revenue for the quarter was up 73.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho set a $275.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Friday, January 9th. Macquarie Infrastructure raised shares of NVIDIA to an “outperform” rating in a research note on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. HSBC set a $310.00 price objective on NVIDIA in a research note on Tuesday, February 24th. Finally, Bank of America lifted their price objective on NVIDIA from $275.00 to $300.00 and gave the stock a “buy” rating in a report 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $275.25.

Check Out Our Latest Stock Analysis on NVDA

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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