Landmark Wealth Management LLC Sells 170 Shares of NVIDIA Co. (NASDAQ:NVDA)

Landmark Wealth Management LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 3,892 shares of the computer hardware maker’s stock after selling 170 shares during the period. Landmark Wealth Management LLC’s holdings in NVIDIA were worth $523,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Proathlete Wealth Management LLC increased its stake in NVIDIA by 8.1% in the 4th quarter. Proathlete Wealth Management LLC now owns 17,541 shares of the computer hardware maker’s stock worth $2,356,000 after acquiring an additional 1,314 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in shares of NVIDIA by 51.1% in the fourth quarter. Curbstone Financial Management Corp now owns 14,306 shares of the computer hardware maker’s stock worth $1,921,000 after acquiring an additional 4,836 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of NVIDIA by 3.2% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,622 shares of the computer hardware maker’s stock worth $889,000 after acquiring an additional 207 shares during the period. Joseph P. Lucia & Associates LLC lifted its position in shares of NVIDIA by 5.9% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 49,377 shares of the computer hardware maker’s stock worth $6,631,000 after buying an additional 2,746 shares in the last quarter. Finally, Legacy Bridge LLC grew its stake in shares of NVIDIA by 0.5% during the fourth quarter. Legacy Bridge LLC now owns 54,380 shares of the computer hardware maker’s stock valued at $7,303,000 after buying an additional 250 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % 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 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $134.35 on Friday. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.75 and a beta of 1.62. NVIDIA Co. has a twelve month low of $74.22 and a twelve month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $134.66 and a two-hundred day moving average of $131.14.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. HSBC reduced their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Morgan Stanley cut their price target on shares of NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $168.21.

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.