NVIDIA Co. (NASDAQ:NVDA) Holdings Trimmed by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,840 shares of the computer hardware maker’s stock after selling 1,554 shares during the period. NVIDIA accounts for 1.0% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 22nd biggest holding. KFA Private Wealth Group LLC’s holdings in NVIDIA were worth $2,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Curbstone Financial Management Corp boosted its stake in shares of NVIDIA by 51.1% during the 4th quarter. Curbstone Financial Management Corp now owns 14,306 shares of the computer hardware maker’s stock valued at $1,921,000 after buying an additional 4,836 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of NVIDIA by 3.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,622 shares of the computer hardware maker’s stock valued at $889,000 after buying an additional 207 shares during the period. Joseph P. Lucia & Associates LLC boosted its stake in shares of NVIDIA by 5.9% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 49,377 shares of the computer hardware maker’s stock valued at $6,631,000 after buying an additional 2,746 shares during the period. Legacy Bridge LLC boosted its stake in shares of NVIDIA by 0.5% during the 4th quarter. Legacy Bridge LLC now owns 54,380 shares of the computer hardware maker’s stock valued at $7,303,000 after buying an additional 250 shares during the period. Finally, FSC Wealth Advisors LLC boosted its stake in shares of NVIDIA by 22.2% during the 4th quarter. FSC Wealth Advisors LLC now owns 5,192 shares of the computer hardware maker’s stock valued at $671,000 after buying an additional 942 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Redburn Atlantic initiated coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price for the company. UBS Group lifted their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Mizuho lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $168.21.

NVIDIA Stock Performance

NASDAQ NVDA opened at $134.35 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.29 trillion, a P/E ratio of 52.87, a PEG ratio of 1.75 and a beta of 1.62. NVIDIA Co. has a twelve month low of $74.22 and a twelve month high of $153.13. The company’s 50-day simple moving average is $134.66 and its 200 day simple moving average is $131.14.

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

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.