NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,878 shares of the computer hardware maker’s stock after selling 809 shares during the period. Evolution Wealth Advisors LLC’s holdings in NVIDIA were worth $2,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors increased its holdings in NVIDIA by 11.9% in the fourth quarter. Kelleher Financial Advisors now owns 12,698 shares of the computer hardware maker’s stock valued at $1,705,000 after buying an additional 1,355 shares in the last quarter. Marino Stram & Associates LLC increased its holdings in NVIDIA by 3.4% in the fourth quarter. Marino Stram & Associates LLC now owns 8,658 shares of the computer hardware maker’s stock valued at $1,163,000 after buying an additional 281 shares in the last quarter. Park Place Capital Corp increased its holdings in NVIDIA by 11.1% in the fourth quarter. Park Place Capital Corp now owns 65,147 shares of the computer hardware maker’s stock valued at $8,749,000 after buying an additional 6,521 shares in the last quarter. Magnus Financial Group LLC increased its holdings in NVIDIA by 10.9% in the fourth quarter. Magnus Financial Group LLC now owns 37,262 shares of the computer hardware maker’s stock valued at $5,004,000 after buying an additional 3,648 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. increased its holdings in NVIDIA by 0.4% in the fourth quarter. Luts & Greenleigh Group Inc. now owns 20,374 shares of the computer hardware maker’s stock valued at $2,736,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Mizuho raised their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Truist Financial raised their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wedbush lifted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley lowered their target price on shares of NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Insiders Place Their Bets

In related news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $135.29 on Friday. The company has a fifty day moving average of $134.78 and a 200-day moving average of $129.85. The firm has a market capitalization of $3.31 trillion, a P/E ratio of 53.24, a P/E/G ratio of 1.62 and a beta of 1.62. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $66.25 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period in the prior year, the firm posted $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.57%.

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.