NVIDIA Co. (NASDAQ:NVDA) Shares Sold by WR Wealth Planners LLC

WR Wealth Planners LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,068 shares of the computer hardware maker’s stock after selling 11,910 shares during the quarter. NVIDIA makes up approximately 0.9% of WR Wealth Planners LLC’s holdings, making the stock its 19th biggest holding. WR Wealth Planners LLC’s holdings in NVIDIA were worth $2,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Conservest Capital Advisors Inc. boosted its position in NVIDIA by 917.4% during the 4th quarter. Conservest Capital Advisors Inc. now owns 4,273 shares of the computer hardware maker’s stock worth $574,000 after acquiring an additional 3,853 shares during the period. Maripau Wealth Management LLC lifted its position in shares of NVIDIA by 11.1% in the 4th quarter. Maripau Wealth Management LLC now owns 24,498 shares of the computer hardware maker’s stock valued at $3,290,000 after acquiring an additional 2,447 shares in the last quarter. Wiser Advisor Group LLC grew its holdings in shares of NVIDIA by 7.2% during the fourth quarter. Wiser Advisor Group LLC now owns 6,241 shares of the computer hardware maker’s stock valued at $838,000 after buying an additional 419 shares in the last quarter. Maple Capital Management Inc. lifted its position in shares of NVIDIA by 0.5% in the fourth quarter. Maple Capital Management Inc. now owns 725,479 shares of the computer hardware maker’s stock worth $97,425,000 after purchasing an additional 3,256 shares in the last quarter. Finally, Sage Investment Counsel LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $481,000. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVDA. Mizuho cut their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Bank of America reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Truist Financial upped their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.89.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, 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 a total of 183,609 shares of company stock valued at $22,642,615 in the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $94.31 on Friday. The firm has a market cap of $2.30 trillion, a PE ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96. The company has a fifty day moving average price of $121.20 and a 200 day moving average price of $131.07. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.