Principle Wealth Partners LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Principle Wealth Partners LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,030 shares of the computer hardware maker’s stock after acquiring an additional 46 shares during the period. NVIDIA makes up approximately 1.0% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Principle Wealth Partners LLC’s holdings in NVIDIA were worth $11,405,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the 3rd quarter worth $30,000. Trivant Custom Portfolio Group LLC increased its stake in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its holdings in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $921.40 on Tuesday. The stock has a 50-day moving average price of $869.99 and a two-hundred day moving average price of $655.88. NVIDIA Co. has a 12-month low of $280.46 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.30 trillion, a PE ratio of 77.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping 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 company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 265.3% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Argus raised their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler lifted their price target on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Oppenheimer lifted their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Benchmark restated a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Finally, HSBC lifted their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

NVIDIA 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.