NVIDIA Co. (NASDAQ:NVDA) Shares Sold by WFA Asset Management Corp

WFA Asset Management Corp lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 39.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,811 shares of the computer hardware maker’s stock after selling 1,157 shares during the quarter. WFA Asset Management Corp’s holdings in NVIDIA were worth $243,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NVDA. Ironwood Wealth Management LLC. lifted its holdings in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after purchasing an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA in the second quarter worth about $31,000. Northeast Financial Consultants Inc lifted its holdings in NVIDIA by 914.1% in the second quarter. Northeast Financial Consultants Inc now owns 174,545 shares of the computer hardware maker’s stock worth $21,563,000 after purchasing an additional 157,334 shares during the period. Ascension Asset Management LLC lifted its holdings in NVIDIA by 842.7% in the second quarter. Ascension Asset Management LLC now owns 173,450 shares of the computer hardware maker’s stock worth $21,428,000 after purchasing an additional 155,050 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in NVIDIA by 1,179.9% in the second quarter. NewEdge Advisors LLC now owns 3,275,422 shares of the computer hardware maker’s stock worth $372,781,000 after purchasing an additional 3,019,514 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVDA shares. Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday. Barclays upped their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Redburn Atlantic started coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target for the company. Piper Sandler upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Melius Research upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.62.

NVIDIA Trading Up 3.9 %

NASDAQ:NVDA opened at $124.81 on Friday. The stock’s 50 day moving average price is $134.19 and its 200 day moving average price is $131.92. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a market capitalization of $3.06 trillion, a P/E ratio of 49.12, a P/E/G ratio of 1.76 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 released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s 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 directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,107,632 shares of company stock worth $146,405,286. 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.