Red Door Wealth Management LLC Has $10.86 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Red Door Wealth Management LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,926 shares of the computer hardware maker’s stock after purchasing an additional 552 shares during the period. NVIDIA makes up about 2.4% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Red Door Wealth Management LLC’s holdings in NVIDIA were worth $10,858,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. bought a new stake in NVIDIA in the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC boosted its holdings in shares of 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. Valued Wealth Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $52,000. Finally, Quarry LP acquired a new position in shares of NVIDIA in the first quarter valued at approximately $34,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $903.56 on Friday. The company’s 50 day moving average price is $765.80 and its two-hundred day moving average price is $571.71. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 75.68, a P/E/G ratio of 1.33 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, equities analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared 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 was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Morgan Stanley increased their target price on shares of NVIDIA from $750.00 to $795.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Loop Capital began coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Wolfe Research increased their target price on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Sanford C. Bernstein increased their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Four investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $908.68.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,352 shares of company stock worth $64,853,077. Corporate insiders own 3.99% of the company’s stock.

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.