IronBridge Private Wealth LLC Sells 4,725 Shares of NVIDIA Co. (NASDAQ:NVDA)

IronBridge Private Wealth LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 557,225 shares of the computer hardware maker’s stock after selling 4,725 shares during the quarter. NVIDIA accounts for approximately 25.3% of IronBridge Private Wealth LLC’s holdings, making the stock its biggest position. IronBridge Private Wealth LLC’s holdings in NVIDIA were worth $67,669,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Ironwood Wealth Management LLC. grew its position in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. lifted its position in shares of NVIDIA by 900.0% in the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after acquiring an additional 3,240 shares during the period. Cohen Investment Advisors LLC grew its holdings in shares of NVIDIA by 42.4% during the 2nd quarter. Cohen Investment Advisors LLC now owns 480 shares of the computer hardware maker’s stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Callan Family Office LLC increased its position in shares of NVIDIA by 4,836.7% during the second quarter. Callan Family Office LLC now owns 18,710 shares of the computer hardware maker’s stock valued at $2,311,000 after purchasing an additional 18,331 shares during the period. Finally, Liontrust Investment Partners LLP raised its stake in shares of NVIDIA by 714.3% in the second quarter. Liontrust Investment Partners LLP now owns 962,430 shares of the computer hardware maker’s stock valued at $118,899,000 after purchasing an additional 844,246 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $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 have sold 1,108,348 shares of company stock worth $146,506,958 in the last ninety days. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Truist Financial upped their target price on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Bank of America restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Susquehanna lifted their price objective on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Morgan Stanley raised their target price on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.27.

NVIDIA Trading Down 2.0 %

Shares of NASDAQ NVDA opened at $133.57 on Friday. The company’s 50 day simple moving average is $139.49 and its 200 day simple moving average is $128.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a fifty-two week low of $54.74 and a fifty-two week high of $153.13. The firm has a market capitalization of $3.27 trillion, a P/E ratio of 52.57, a P/E/G ratio of 2.45 and a beta of 1.64.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid 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 (DPR) is presently 1.57%.

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.