RKL Wealth Management LLC Has $7.69 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

RKL Wealth Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,534 shares of the computer hardware maker’s stock after acquiring an additional 980 shares during the quarter. NVIDIA comprises about 0.8% of RKL Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. RKL Wealth Management LLC’s holdings in NVIDIA were worth $7,693,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new position in NVIDIA during the fourth quarter worth about $28,000. Peoples Financial Services CORP. bought a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP bought a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Quarry LP bought a new position in NVIDIA during the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC bought a new position in NVIDIA during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated 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 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 SEC, which is available at this hyperlink. In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $7,975,700.00. Following the sale, the director now directly 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. Over the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Down 2.7 %

NVDA stock opened at $881.86 on Monday. 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 company has a fifty day moving average price of $830.93 and a two-hundred day moving average price of $610.79. NVIDIA Co. has a one year low of $262.20 and a one year high of $974.00. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. Equities analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. HSBC lifted their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Argus lifted their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. UBS Group raised their target price on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Jefferies Financial Group raised their target price on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $926.30.

Check Out Our Latest Research Report on NVIDIA

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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