NVIDIA Co. (NASDAQ:NVDA) is VCI Wealth Management LLC’s 6th Largest Position

VCI Wealth Management LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,214 shares of the computer hardware maker’s stock after selling 6,088 shares during the period. NVIDIA accounts for about 4.2% of VCI Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. VCI Wealth Management LLC’s holdings in NVIDIA were worth $9,832,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Curbstone Financial Management Corp increased its stake in 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 purchasing an additional 4,836 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in 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 purchasing an additional 207 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its stake in 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 purchasing an additional 2,746 shares in the last quarter. Legacy Bridge LLC increased its stake in 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 purchasing an additional 250 shares in the last quarter. Finally, FSC Wealth Advisors LLC increased its stake in 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 purchasing an additional 942 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 4.1 %

Shares of NVDA opened at $134.35 on Friday. The company’s fifty day moving average is $134.66 and its 200 day moving average is $131.14. NVIDIA Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13. The stock has a market capitalization of $3.29 trillion, a PE ratio of 52.87, a P/E/G ratio of 1.75 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 (NASDAQ:NVDA) last announced its quarterly earnings results 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Susquehanna lifted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Finally, Redburn Atlantic assumed coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target for the company. Four equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.21.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, December 13th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company’s stock.

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.