Strategic Wealth Partners Ltd. Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Strategic Wealth Partners Ltd. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,828 shares of the computer hardware maker’s stock after purchasing an additional 17,632 shares during the quarter. NVIDIA comprises approximately 1.2% of Strategic Wealth Partners Ltd.’s investment portfolio, making the stock its 19th biggest position. Strategic Wealth Partners Ltd.’s holdings in NVIDIA were worth $13,776,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NVDA. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter valued at about $40,000. LSV Asset Management purchased a new position in NVIDIA during the 4th quarter valued at about $54,000. Finally, Gleason Group Inc. raised its position in NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock valued at $58,000 after purchasing an additional 148 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last three months. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $134.28 on Friday. 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 business has a 50-day moving average of $115.48 and a two-hundred day moving average of $126.52. The stock has a market capitalization of $3.28 trillion, a P/E ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is 1.29%.

Analyst Ratings Changes

A number of research firms have issued reports on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Susquehanna reaffirmed a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Rosenblatt Securities increased their price target on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.66.

NVIDIA 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.