NVIDIA Co. (NASDAQ:NVDA) Shares Sold by MBE Wealth Management LLC

MBE Wealth Management LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,538 shares of the computer hardware maker’s stock after selling 178 shares during the quarter. NVIDIA accounts for approximately 0.9% of MBE Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. MBE Wealth Management LLC’s holdings in NVIDIA were worth $1,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of NVIDIA during the third quarter worth about $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the second quarter valued at approximately $31,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter valued at approximately $34,000. West Financial Advisors LLC purchased a new position in NVIDIA during the third quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $134.35 on Friday. The stock’s fifty day moving average is $134.66 and its two-hundred day moving average is $131.14. The firm has a market capitalization of $3.29 trillion, a P/E ratio of 52.87, a price-to-earnings-growth 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 Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping 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 company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. Susquehanna lifted their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. DA Davidson lifted their price target on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley reduced their price target on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, HSBC reduced their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $168.21.

Insider Activity

In other 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 value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. 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 quarter. 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.