RBA Wealth Management LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

RBA Wealth Management LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,288 shares of the computer hardware maker’s stock after selling 625 shares during the period. RBA Wealth Management LLC’s holdings in NVIDIA were worth $442,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Clay Northam Wealth Management LLC increased its holdings in NVIDIA by 0.8% in the fourth quarter. Clay Northam Wealth Management LLC now owns 30,760 shares of the computer hardware maker’s stock valued at $4,131,000 after buying an additional 248 shares in the last quarter. Cornerstone Management Inc. increased its stake in NVIDIA by 45.9% in the 4th quarter. Cornerstone Management Inc. now owns 4,115 shares of the computer hardware maker’s stock valued at $553,000 after purchasing an additional 1,295 shares in the last quarter. Paul R. Ried Financial Group LLC acquired a new position in NVIDIA during the fourth quarter worth $478,000. Trust Point Inc. boosted its position in NVIDIA by 5.0% during the fourth quarter. Trust Point Inc. now owns 160,475 shares of the computer hardware maker’s stock worth $21,550,000 after purchasing an additional 7,662 shares in the last quarter. Finally, Blodgett Wealth Advisors LLC grew its holdings in NVIDIA by 1.4% in the fourth quarter. Blodgett Wealth Advisors LLC now owns 106,562 shares of the computer hardware maker’s stock valued at $14,310,000 after purchasing an additional 1,422 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NVDA shares. Raymond James lifted their price target on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Wells Fargo & Company increased their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $169.62.

NVIDIA Stock Performance

Shares of NVDA opened at $114.06 on Tuesday. The stock has a market capitalization of $2.78 trillion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The business’s fifty day moving average price is $133.68 and its 200 day moving average price is $132.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13.

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

NVIDIA Dividend Announcement

The business also recently declared 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. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were 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 in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last 90 days. 4.23% of the stock is currently owned by company insiders.

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.