Rooted Wealth Advisors Inc. Sells 555 Shares of NVIDIA Co. (NASDAQ:NVDA)

Rooted Wealth Advisors Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,221 shares of the computer hardware maker’s stock after selling 555 shares during the period. NVIDIA accounts for about 0.9% of Rooted Wealth Advisors Inc.’s portfolio, making the stock its 26th biggest holding. Rooted Wealth Advisors Inc.’s holdings in NVIDIA were worth $2,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVDA. Palacios Wealth Management LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $28,787,000. Root Financial Partners LLC raised its position in shares of NVIDIA by 52.5% during the fourth quarter. Root Financial Partners LLC now owns 41,973 shares of the computer hardware maker’s stock valued at $5,637,000 after buying an additional 14,445 shares during the last quarter. Family Capital Management Inc. raised its position in shares of NVIDIA by 2.7% during the fourth quarter. Family Capital Management Inc. now owns 11,077 shares of the computer hardware maker’s stock valued at $1,488,000 after buying an additional 292 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of NVIDIA by 13.8% in the fourth quarter. Vontobel Holding Ltd. now owns 4,383,508 shares of the computer hardware maker’s stock worth $588,661,000 after buying an additional 532,477 shares in the last quarter. Finally, Bogart Wealth LLC boosted its position in shares of NVIDIA by 0.7% during the fourth quarter. Bogart Wealth LLC now owns 121,144 shares of the computer hardware maker’s stock worth $16,268,000 after acquiring an additional 783 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Stifel Nicolaus lifted their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays boosted their target price on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Company raised their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Finally, The Goldman Sachs Group raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.51.

Insider Activity

In related news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were 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 directly owns 3,902,888 shares in the company, 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. In the last quarter, insiders sold 92,449 shares of company stock worth $11,960,727. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 1.8 %

Shares of NASDAQ NVDA opened at $119.53 on Tuesday. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 47.04, a PEG ratio of 1.76 and a beta of 1.77. The stock has a 50 day moving average price of $128.66 and a 200 day moving average price of $131.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

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.