Boston Standard Wealth Management LLC Lowers Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Boston Standard Wealth Management LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 97.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,164 shares of the computer hardware maker’s stock after selling 115,893 shares during the period. Boston Standard Wealth Management LLC’s holdings in NVIDIA were worth $343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Regent Peak Wealth Advisors LLC increased its position in shares of NVIDIA by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker’s stock valued at $10,989,000 after acquiring an additional 322 shares in the last quarter. Wealth Group Ltd. increased its position in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $972,000. Capital & Planning LLC increased its position in shares of NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Ironwood Wealth Management LLC. increased its position in shares of NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.9%

Shares of NVDA stock opened at $143.96 on Wednesday. The stock has a market cap of $3.51 trillion, a P/E ratio of 56.65, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $119.94 and its two-hundred day simple moving average is $126.23.

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

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Bank of America lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Benchmark reaffirmed a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Susquehanna reaffirmed a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $171.66.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% 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, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares in the company, valued at $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 a total of 2,614,169 shares of company stock worth $366,510,238 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

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.