Wealth Management Partners LLC Purchases 300 Shares of NVIDIA Co. (NASDAQ:NVDA)

Wealth Management Partners LLC lifted its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,056 shares of the computer hardware maker’s stock after purchasing an additional 300 shares during the quarter. NVIDIA accounts for 5.8% of Wealth Management Partners LLC’s portfolio, making the stock its 3rd largest position. Wealth Management Partners LLC’s holdings in NVIDIA were worth $10,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA during the third quarter worth $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the 3rd quarter valued at $30,000. Quarry LP acquired a new stake in shares of NVIDIA during the first quarter worth $34,000. Compass Wealth Management LLC bought a new stake in NVIDIA in the fourth quarter valued at about $39,000. Finally, Trivant Custom Portfolio Group LLC lifted its stake in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the period. 64.79% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the sale, the director now directly owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 35,648 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the sale, the director now owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The disclosure for this sale can be found here. Insiders sold 104,774 shares of company stock worth $64,322,528 in the last quarter. 3.99% of the stock is owned by corporate insiders.

NVIDIA Trading Up 0.7 %

NVDA opened at $884.55 on Tuesday. The business has a 50 day moving average of $713.98 and a 200-day moving average of $550.46. The stock has a market cap of $2.21 trillion, a PE ratio of 74.08, a PEG ratio of 1.34 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52 week low of $251.30 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue was up 265.3% on a year-over-year basis. Equities research analysts predict that NVIDIA Co. will post 22.07 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Loop Capital assumed coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Stifel Nicolaus raised their price objective on NVIDIA from $865.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Benchmark lifted their price objective on NVIDIA from $625.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Mizuho raised their target price on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $844.56.

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NVIDIA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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