Wealthspan Partners LLC Sells 96 Shares of NVIDIA Co. (NASDAQ:NVDA)

Wealthspan Partners LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 712 shares of the computer hardware maker’s stock after selling 96 shares during the period. Wealthspan Partners LLC’s holdings in NVIDIA were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. United Bank lifted its holdings in shares of NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 1,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after purchasing an additional 249,045 shares in the last quarter. MAS Advisors LLC lifted its holdings in shares of NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares in the last quarter. Navis Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC bought a new position in shares of NVIDIA during the 1st quarter valued at about $929,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $762.00 on Friday. The business has a fifty day simple moving average of $844.71 and a 200 day simple moving average of $622.23. The company has a market capitalization of $1.91 trillion, a PE ratio of 63.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.73. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date 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 1.34%.

Insider Activity

In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. DA Davidson lifted their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 price objective on shares of NVIDIA in a report on Tuesday, February 20th. HSBC lifted their target price on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Craig Hallum lifted their target price on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Evercore ISI started coverage on NVIDIA in a research report on Tuesday. They issued an “outperform” rating and a $1,160.00 target price on the stock. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Company 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.