NVIDIA Co. (NASDAQ:NVDA) is Axxcess Wealth Management LLC’s 7th Largest Position

Axxcess Wealth Management LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 503,499 shares of the computer hardware maker’s stock after purchasing an additional 10,401 shares during the period. NVIDIA comprises approximately 1.6% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Axxcess Wealth Management LLC’s holdings in NVIDIA were worth $67,615,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hickory Point Bank & Trust bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP increased its position in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Ethos Financial Group LLC raised its stake in shares of NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock valued at $4,312,000 after buying an additional 6,241 shares during the period. Metis Global Partners LLC lifted its position in shares of NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock valued at $196,711,000 after buying an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. grew its stake in shares of NVIDIA by 0.5% during the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker’s stock worth $948,229,000 after acquiring an additional 35,684 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 4.5 %

Shares of NVIDIA stock opened at $96.91 on Tuesday. The company’s 50 day moving average price is $115.87 and its 200-day moving average price is $129.71. NVIDIA Co. has a 52-week low of $76.40 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Analysts Set New Price Targets

Several research firms have commented on NVDA. HSBC downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. DA Davidson reduced their price objective on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Mizuho reduced their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Finally, Citigroup restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $165.51.

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.