Quotient Wealth Partners LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Quotient Wealth Partners LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.1% during the fourth quarter, HoldingsChannel reports. The firm owned 85,839 shares of the computer hardware maker’s stock after purchasing an additional 7,875 shares during the quarter. NVIDIA comprises about 0.4% of Quotient Wealth Partners LLC’s holdings, making the stock its 28th largest holding. Quotient Wealth Partners LLC’s holdings in NVIDIA were worth $11,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Alliance Wealth Advisors LLC grew its stake in NVIDIA by 4.7% during the 4th quarter. Alliance Wealth Advisors LLC now owns 9,886 shares of the computer hardware maker’s stock valued at $1,328,000 after purchasing an additional 442 shares in the last quarter. Summit Wealth & Retirement Planning Inc. grew its position in shares of NVIDIA by 7.5% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 10,222 shares of the computer hardware maker’s stock worth $1,373,000 after buying an additional 714 shares in the last quarter. Richard C. Young & CO. LTD. increased its stake in shares of NVIDIA by 1.8% in the fourth quarter. Richard C. Young & CO. LTD. now owns 108,706 shares of the computer hardware maker’s stock worth $14,598,000 after buying an additional 1,904 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in NVIDIA by 6.1% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 10,209 shares of the computer hardware maker’s stock valued at $1,371,000 after acquiring an additional 590 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC boosted its stake in NVIDIA by 4.1% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 40,350 shares of the computer hardware maker’s stock valued at $5,419,000 after acquiring an additional 1,583 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Barclays increased their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Robert W. Baird lifted their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Redburn Atlantic started coverage on NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $171.69.

NVIDIA Price Performance

Shares of NVDA stock opened at $106.98 on Tuesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The firm has a market cap of $2.61 trillion, a price-to-earnings ratio of 42.10, a PEG ratio of 1.76 and a beta of 1.77. The stock has a 50-day moving average price of $131.05 and a 200 day moving average price of $131.57.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for 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%. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company’s stock.

About NVIDIA

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.