By otakuyassine3@gmail.com 
GC Wealth Management RIA LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,630 shares of the computer hardware maker’s stock after selling 17,236 shares during the quarter. NVIDIA comprises approximately 2.1% of GC Wealth Management RIA LLC’s portfolio, making the stock its 6th biggest holding. GC Wealth Management RIA LLC’s holdings in NVIDIA were worth $12,036,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealth Group Ltd. boosted its position in shares of NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after buying an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after acquiring an additional 350 shares during the last quarter. Swedbank AB lifted its holdings in shares of NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Prossimo Advisors LLC grew its position in shares of NVIDIA by 14.6% in the third quarter. Prossimo Advisors LLC now owns 38,596 shares of the computer hardware maker’s stock valued at $4,687,000 after purchasing an additional 4,916 shares during the last quarter. Finally, Indie Asset Partners LLC increased its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Indie Asset Partners LLC now owns 17,332 shares of the computer hardware maker’s stock worth $2,105,000 after purchasing an additional 5,306 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on NVDA. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Benchmark reiterated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, February 20th. Finally, Citigroup decreased their price objective on NVIDIA from $163.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $168.26.
View Our Latest Research Report on NVIDIA
Insider Transactions at NVIDIA
In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on 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 directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were 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 owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last three months. Company insiders own 4.23% of the company’s stock.
NVIDIA Price Performance
Shares of NVIDIA stock opened at $112.20 on Wednesday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $118.34 and its two-hundred day moving average price is $130.20. The stock has a market cap of $2.74 trillion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio 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.
Further Reading
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