Centurion Wealth Management LLC Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

Centurion Wealth Management LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,938 shares of the computer hardware maker’s stock after selling 64 shares during the quarter. NVIDIA accounts for approximately 1.9% of Centurion Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Centurion Wealth Management LLC’s holdings in NVIDIA were worth $4,427,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in shares of NVIDIA in the 4th quarter worth about $28,000. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Quarry LP acquired a new stake in shares of NVIDIA in the first quarter valued at about $34,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $39,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on NVDA. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Piper Sandler Companies increased their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. The Goldman Sachs Group raised 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Four equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $926.30.

Insider Activity

In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. 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 90 days. 3.99% of the stock is currently owned by company insiders.

NVIDIA Trading Down 2.7 %

Shares of NVDA stock opened at $881.86 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a 1 year low of $262.20 and a 1 year high of $974.00. The stock has a fifty day moving average of $830.93 and a two-hundred day moving average of $610.79. The firm has a market capitalization of $2.20 trillion, a PE ratio of 73.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts expect 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 $0.04 dividend. 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 (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.