NVIDIA Co. (NASDAQ:NVDA) is Private Wealth Partners LLC’s 8th Largest Position

Private Wealth Partners LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,273 shares of the computer hardware maker’s stock after selling 53 shares during the quarter. NVIDIA comprises approximately 3.4% of Private Wealth Partners LLC’s portfolio, making the stock its 8th biggest position. Private Wealth Partners LLC’s holdings in NVIDIA were worth $40,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the 4th quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA in the fourth quarter worth about $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the third quarter worth about $30,000. Trivant Custom Portfolio Group LLC lifted its position in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC lifted its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 22,700 shares of the 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 sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated 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 sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 transaction, the director now 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. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $887.89 on Monday. The business’s fifty day moving average price is $867.38 and its 200 day moving average price is $652.35. NVIDIA Co. has a 12-month low of $272.40 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.22 trillion, a PE ratio of 74.36, a P/E/G ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.34%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Piper Sandler lifted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Craig Hallum lifted their price objective on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Benchmark reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. UBS Group lifted their price objective on NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley boosted their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $941.55.

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.