Naviter Wealth LLC Has $4.05 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Naviter Wealth LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,176 shares of the computer hardware maker’s stock after buying an additional 2,329 shares during the quarter. NVIDIA accounts for 0.8% of Naviter Wealth LLC’s portfolio, making the stock its 29th biggest holding. Naviter Wealth LLC’s holdings in NVIDIA were worth $4,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in NVIDIA in the fourth quarter worth $28,000. Criterion Capital Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the 3rd quarter valued at about $30,000. Trivant Custom Portfolio Group LLC increased 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 acquiring an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC raised its position in NVIDIA by 139.5% in the fourth 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Loop Capital started coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. Jefferies Financial Group lifted their price objective on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Raymond James upped their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $944.05.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now 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 accessible through this link. In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last three months. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Down 1.7 %

NASDAQ NVDA opened at $905.54 on Wednesday. NVIDIA Co. has a fifty-two week low of $280.46 and a fifty-two week high of $974.00. The business has a fifty day moving average price of $872.36 and a two-hundred day moving average price of $659.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market capitalization of $2.26 trillion, a PE ratio of 75.84, a PEG ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last released 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 for 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%. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Equities analysts expect that NVIDIA Co. will post 22.55 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. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.