NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Black Point Wealth Management

Black Point Wealth Management trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,273 shares of the computer hardware maker’s stock after selling 189 shares during the quarter. NVIDIA makes up 0.7% of Black Point Wealth Management’s portfolio, making the stock its 19th biggest position. Black Point Wealth Management’s holdings in NVIDIA were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NVDA. Sustainable Insight Capital Management LLC lifted its position in shares of NVIDIA by 122.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 73,864 shares of the computer hardware maker’s stock worth $9,919,000 after purchasing an additional 40,694 shares during the last quarter. Seneca House Advisors acquired a new stake in NVIDIA during the fourth quarter valued at approximately $289,000. FCG Investment Co lifted its holdings in NVIDIA by 7.0% during the 4th quarter. FCG Investment Co now owns 69,862 shares of the computer hardware maker’s stock worth $9,382,000 after buying an additional 4,565 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its position in shares of NVIDIA by 2.6% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 39,425 shares of the computer hardware maker’s stock worth $5,294,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Apeiron RIA LLC increased its holdings in shares of NVIDIA by 10.3% in the 4th quarter. Apeiron RIA LLC now owns 15,605 shares of the computer hardware maker’s stock valued at $2,096,000 after acquiring an additional 1,451 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. Truist Financial raised their price objective on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Loop Capital reiterated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Finally, Citigroup increased their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Trading Up 2.6 %

NASDAQ:NVDA opened at $138.85 on Friday. The stock has a fifty day simple moving average of $134.52 and a 200 day simple moving average of $130.07. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.64, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping 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 last year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. 4.23% of the stock is currently owned by company insiders.

About NVIDIA

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.