Asset Planning Services Inc. LA ADV Sells 774 Shares of NVIDIA Co. (NASDAQ:NVDA)

Asset Planning Services Inc. LA ADV reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,626 shares of the computer hardware maker’s stock after selling 774 shares during the period. NVIDIA makes up about 16.8% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its largest holding. Asset Planning Services Inc. LA ADV’s holdings in NVIDIA were worth $34,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. raised its stake in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of NVIDIA during the second quarter worth about $31,000. GHP Investment Advisors Inc. grew its holdings in shares of NVIDIA by 922.8% during the second quarter. GHP Investment Advisors Inc. now owns 10,361 shares of the computer hardware maker’s stock worth $1,280,000 after purchasing an additional 9,348 shares during the last quarter. WPWealth LLP grew its holdings in shares of NVIDIA by 935.9% during the second quarter. WPWealth LLP now owns 9,023 shares of the computer hardware maker’s stock worth $1,115,000 after purchasing an additional 8,152 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC grew its holdings in shares of NVIDIA by 716.0% during the second quarter. Pinkerton Retirement Specialists LLC now owns 7,556 shares of the computer hardware maker’s stock worth $933,000 after purchasing an additional 6,630 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 3.2 %

NVDA stock opened at $135.29 on Friday. The stock has a market capitalization of $3.31 trillion, a P/E ratio of 53.24, a PEG ratio of 1.62 and a beta of 1.62. 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 one year low of $66.25 and a one year high of $153.13. The company has a 50 day moving average price of $134.78 and a two-hundred day moving average price of $129.85.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

Insider Activity

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVDA shares. Bank of America reissued a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, January 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. DA Davidson lifted their price objective on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, Robert W. Baird lifted their price objective on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

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.