NVIDIA Co. (NASDAQ:NVDA) is Eagle Bluffs Wealth Management LLC’s 5th Largest Position

Eagle Bluffs Wealth Management LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,880 shares of the computer hardware maker’s stock after selling 10,042 shares during the period. NVIDIA comprises 4.5% of Eagle Bluffs Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Eagle Bluffs Wealth Management LLC’s holdings in NVIDIA were worth $8,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Christopher J. Hasenberg Inc bought a new stake in NVIDIA during the 3rd quarter valued at $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the 2nd quarter worth $31,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 4th quarter worth $34,000. West Financial Advisors LLC purchased a new position in NVIDIA during the 3rd quarter worth $36,000. Finally, Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter worth $40,000. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Up 3.9 %

Shares of NASDAQ NVDA opened at $124.81 on Friday. The stock has a market cap of $3.06 trillion, a P/E ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The business’s fifty day simple moving average is $134.19 and its 200-day simple moving average is $131.92.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is 1.57%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research note on Thursday. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company upped their price target on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their target price on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Finally, Redburn Atlantic began coverage on NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price for the company. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.62.

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.