Etesian Wealth Advisors Inc. Trims Position in NVIDIA Co. (NASDAQ:NVDA)

Etesian Wealth Advisors Inc. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,766 shares of the computer hardware maker’s stock after selling 179 shares during the period. Etesian Wealth Advisors Inc.’s holdings in NVIDIA were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NVDA. United Bank grew its stake in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after acquiring an additional 249,045 shares in the last quarter. MAS Advisors LLC boosted its holdings in NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after acquiring an additional 583 shares in the last quarter. Navis Wealth Advisors LLC boosted its holdings in NVIDIA by 205.3% in the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after acquiring an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC bought a new stake in NVIDIA in the first quarter worth $929,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVDA. The Goldman Sachs Group boosted their target price on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Wedbush reissued an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Truist Financial boosted their target price on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft upped their price target on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $908.68.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,352 shares of company stock valued at $64,853,077. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $902.50 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $258.50 and a 12-month high of $974.00. The stock has a 50-day moving average price of $758.96 and a 200 day moving average price of $569.38. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 75.59, a P/E/G ratio of 1.37 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $20.40 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 22.4 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is presently 1.34%.

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.