NVIDIA Co. (NASDAQ:NVDA) is U.S. Capital Wealth Advisors LLC’s 5th Largest Position

U.S. Capital Wealth Advisors LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 482,714 shares of the computer hardware maker’s stock after acquiring an additional 85,651 shares during the period. NVIDIA makes up about 2.0% of U.S. Capital Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. U.S. Capital Wealth Advisors LLC’s holdings in NVIDIA were worth $64,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Greenleaf Trust grew its holdings in NVIDIA by 0.5% during the 4th quarter. Greenleaf Trust now owns 855,876 shares of the computer hardware maker’s stock valued at $114,936,000 after buying an additional 4,378 shares in the last quarter. Nadler Financial Group Inc. boosted its position in shares of NVIDIA by 0.6% during the 4th quarter. Nadler Financial Group Inc. now owns 72,314 shares of the computer hardware maker’s stock valued at $9,711,000 after acquiring an additional 438 shares during the last quarter. Golden State Equity Partners boosted its position in shares of NVIDIA by 1,197.7% during the 4th quarter. Golden State Equity Partners now owns 199,977 shares of the computer hardware maker’s stock valued at $26,855,000 after acquiring an additional 184,567 shares during the last quarter. Avantra Family Wealth Inc. bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $4,132,000. Finally, Riverstone Advisors LLC boosted its position in shares of NVIDIA by 43.3% during the 4th quarter. Riverstone Advisors LLC now owns 14,918 shares of the computer hardware maker’s stock valued at $2,003,000 after acquiring an additional 4,507 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA opened at $124.81 on Friday. The business’s 50-day moving average is $134.19 and its two-hundred day moving average is $131.92. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. 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 $3.06 trillion, a PE ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Truist Financial increased their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday. Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, DA Davidson restated a “neutral” rating and issued a $135.00 price target on shares of NVIDIA in a research report on Thursday. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $169.62.

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.