MWA Asset Management Sells 23 Shares of NVIDIA Co. (NASDAQ:NVDA)

MWA Asset Management trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,389 shares of the computer hardware maker’s stock after selling 23 shares during the period. NVIDIA comprises approximately 1.8% of MWA Asset Management’s investment portfolio, making the stock its 14th largest holding. MWA Asset Management’s holdings in NVIDIA were worth $2,174,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in NVIDIA in the 4th quarter valued at about $3,900,874,000. Moneta Group Investment Advisors LLC raised its stake in NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after acquiring an additional 19,574,443 shares during the period. Morgan Stanley raised its stake in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares during the period. Barclays PLC raised its stake in NVIDIA by 55.7% in the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after acquiring an additional 2,740,850 shares during the period. Finally, Vanguard Group Inc. raised its stake in NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after acquiring an additional 2,287,471 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,278 shares of company stock worth $72,380,098. 3.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVDA. The Goldman Sachs Group boosted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their target price on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Finally, KeyCorp lifted their target price on NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $916.30.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $870.39 on Thursday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.18 trillion, a PE ratio of 72.90, a P/E/G ratio of 1.26 and a beta of 1.73. The business has a 50 day moving average of $821.01 and a 200 day moving average of $602.87. NVIDIA Co. has a 52 week low of $262.20 and a 52 week high of $974.00.

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

NVIDIA Announces Dividend

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

NVIDIA Company 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.