Verum Partners LLC Has $1.79 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Verum Partners LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.1% during the fourth quarter, Holdings Channel reports. The fund owned 13,296 shares of the computer hardware maker’s stock after buying an additional 524 shares during the quarter. Verum Partners LLC’s holdings in NVIDIA were worth $1,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perfromance Wealth Partners LLC increased its position in NVIDIA by 0.6% in the 4th quarter. Perfromance Wealth Partners LLC now owns 1,313,873 shares of the computer hardware maker’s stock valued at $176,440,000 after buying an additional 7,560 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its position in NVIDIA by 38.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 86,000 shares of the computer hardware maker’s stock valued at $11,549,000 after purchasing an additional 24,000 shares during the period. Roberts Wealth Advisors LLC increased its stake in NVIDIA by 7.8% during the 4th quarter. Roberts Wealth Advisors LLC now owns 13,646 shares of the computer hardware maker’s stock valued at $1,859,000 after purchasing an additional 990 shares in the last quarter. Farrell Financial LLC raised its holdings in shares of NVIDIA by 14.5% in the 4th quarter. Farrell Financial LLC now owns 3,564 shares of the computer hardware maker’s stock worth $479,000 after acquiring an additional 451 shares during the last quarter. Finally, Planned Solutions Inc. boosted its stake in NVIDIA by 4.8% during the 4th quarter. Planned Solutions Inc. now owns 12,440 shares of the computer hardware maker’s stock valued at $1,671,000 after purchasing an additional 575 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $131.14 on Thursday. The company’s fifty day moving average price is $135.06 and its 200-day moving average price is $129.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.61, a PEG ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a one year low of $66.25 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 93.6% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Evercore ISI upped their price target on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. HSBC decreased their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Truist Financial boosted their price objective on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.23.

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.