Reliant Wealth Planning Trims Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Reliant Wealth Planning lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,720 shares of the computer hardware maker’s stock after selling 118 shares during the period. NVIDIA makes up 0.2% of Reliant Wealth Planning’s holdings, making the stock its 21st biggest position. Reliant Wealth Planning’s holdings in NVIDIA were worth $365,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Christopher J. Hasenberg Inc purchased a new position in NVIDIA in the third quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the fourth quarter worth about $34,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $40,000. DHJJ Financial Advisors Ltd. increased its stake in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $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 a total of 1,107,632 shares of company stock worth $146,405,286 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Truist Financial boosted their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, February 27th. Finally, DA Davidson restated a “neutral” rating and issued a $135.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.69.

NVIDIA Trading Up 1.7 %

Shares of NVIDIA stock opened at $108.76 on Wednesday. The stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.77. The company has a fifty day simple moving average of $130.54 and a 200-day simple moving average of $131.42. 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.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

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.