International Private Wealth Advisors LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

International Private Wealth Advisors LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 3.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,272 shares of the computer hardware maker’s stock after selling 240 shares during the quarter. NVIDIA comprises about 1.3% of International Private Wealth Advisors LLC’s holdings, making the stock its 18th largest position. International Private Wealth Advisors LLC’s holdings in NVIDIA were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Christopher J. Hasenberg Inc purchased a new position in NVIDIA in the third quarter valued at about $27,000. Quest Partners LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of NVIDIA during the 2nd quarter worth about $31,000. FPC Investment Advisory Inc. grew its position in shares of NVIDIA by 900.0% in the second quarter. FPC Investment Advisory Inc. now owns 290 shares of the computer hardware maker’s stock valued at $34,000 after purchasing an additional 261 shares during the period. Finally, West Financial Advisors LLC acquired a new stake in NVIDIA in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,351,886 shares of company stock valued at $176,825,650 over the last quarter. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVDA. Barclays boosted their price target on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. UBS Group lifted their price target on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Raymond James upped their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Up 0.4 %

Shares of NASDAQ:NVDA opened at $137.49 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89. The stock has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 54.11, a PEG ratio of 2.43 and a beta of 1.63. The company has a 50 day moving average price of $139.84 and a 200 day moving average price of $128.03.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the company posted $0.38 EPS. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

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.