Premier Path Wealth Partners LLC Lowers Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Premier Path Wealth Partners LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,334 shares of the computer hardware maker’s stock after selling 315 shares during the period. NVIDIA makes up approximately 2.9% of Premier Path Wealth Partners LLC’s investment portfolio, making the stock its 4th largest position. Premier Path Wealth Partners LLC’s holdings in NVIDIA were worth $18,711,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BTS Asset Management Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $254,000. Sanibel Captiva Trust Company Inc. raised its position in shares of NVIDIA by 3.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 262,062 shares of the computer hardware maker’s stock valued at $35,192,000 after buying an additional 9,151 shares in the last quarter. Howard Financial Services LTD. boosted its stake in shares of NVIDIA by 12.4% in the fourth quarter. Howard Financial Services LTD. now owns 77,365 shares of the computer hardware maker’s stock valued at $10,389,000 after buying an additional 8,540 shares during the period. Alhambra Investment Management LLC grew its position in NVIDIA by 5.1% during the fourth quarter. Alhambra Investment Management LLC now owns 1,933 shares of the computer hardware maker’s stock worth $260,000 after buying an additional 93 shares in the last quarter. Finally, Verity & Verity LLC increased its stake in NVIDIA by 7.5% during the 4th quarter. Verity & Verity LLC now owns 5,420 shares of the computer hardware maker’s stock worth $728,000 after acquiring an additional 380 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction that occurred 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 represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, 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 have sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on NVDA shares. Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Melius Research raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. The Goldman Sachs Group upped their target price on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company raised their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Stock Up 3.1 %

NVDA stock opened at $128.68 on Friday. 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 fifty-two week low of $66.25 and a fifty-two week high of $153.13. The stock’s 50 day simple moving average is $135.62 and its 200 day simple moving average is $129.35. The company has a market cap of $3.15 trillion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 93.6% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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