Geneva Partners LLC Has $16.23 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Geneva Partners LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,887 shares of the computer hardware maker’s stock after selling 131 shares during the period. NVIDIA makes up 6.6% of Geneva Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Geneva Partners LLC’s holdings in NVIDIA were worth $16,234,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NVDA. Christopher J. Hasenberg Inc bought a new position in NVIDIA in the third quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $34,000. West Financial Advisors LLC acquired a new stake in NVIDIA in the 3rd quarter valued at $36,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter valued at $40,000. Finally, DHJJ Financial Advisors Ltd. grew its position in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 5.7 %

NVDA stock opened at $110.57 on Friday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The firm has a market capitalization of $2.70 trillion, a PE ratio of 43.51, a PEG ratio of 1.76 and a beta of 1.77. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $132.15 and a two-hundred day simple moving average of $131.75.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given 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 dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVDA. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Oppenheimer reissued an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 target price (up previously from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Melius Research increased their price target on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four 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 stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $171.69.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the firm’s 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 sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Company 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.