Vahanian & Associates Financial Planning Inc. Has $654,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Vahanian & Associates Financial Planning Inc. lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,320 shares of the computer hardware maker’s stock after selling 158 shares during the quarter. NVIDIA comprises 2.6% of Vahanian & Associates Financial Planning Inc.’s holdings, making the stock its 11th biggest position. Vahanian & Associates Financial Planning Inc.’s holdings in NVIDIA were worth $654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pavion Blue Capital LLC increased its position in shares of NVIDIA by 0.9% in the fourth quarter. Pavion Blue Capital LLC now owns 2,157 shares of the computer hardware maker’s stock worth $1,068,000 after purchasing an additional 20 shares during the period. Asset Management Resources LLC bought a new position in shares of NVIDIA in the fourth quarter worth $207,000. 180 Wealth Advisors LLC increased its position in shares of NVIDIA by 2.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 23,811 shares of the computer hardware maker’s stock worth $11,469,000 after purchasing an additional 606 shares during the period. Financial Insights Inc. increased its position in shares of NVIDIA by 6.1% in the fourth quarter. Financial Insights Inc. now owns 7,672 shares of the computer hardware maker’s stock worth $3,800,000 after purchasing an additional 443 shares during the period. Finally, Joel Isaacson & Co. LLC increased its position in shares of NVIDIA by 11.8% in the fourth quarter. Joel Isaacson & Co. LLC now owns 5,350 shares of the computer hardware maker’s stock worth $2,650,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last quarter. 3.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Truist Financial lifted their target price on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. lifted their target price on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein lifted their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $926.30.

NVIDIA Price Performance

Shares of NVDA opened at $881.86 on Friday. NVIDIA Co. has a 52-week low of $262.20 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The business’s 50 day moving average price is $830.93 and its two-hundred day moving average price is $609.49. The firm has a market cap of $2.20 trillion, a PE ratio of 73.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The company’s revenue was up 265.3% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

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.