International Private Wealth Advisors LLC Raises Stake in NVIDIA Co. (NASDAQ:NVDA)

International Private Wealth Advisors LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 202.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,960 shares of the computer hardware maker’s stock after buying an additional 14,688 shares during the quarter. NVIDIA comprises about 2.9% of International Private Wealth Advisors LLC’s portfolio, making the stock its 5th largest holding. International Private Wealth Advisors LLC’s holdings in NVIDIA were worth $2,949,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Christopher J. Hasenberg Inc bought a new stake in NVIDIA in the 3rd quarter valued at about $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. grew its position in 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 buying an additional 140 shares in the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter worth $46,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $115.74 on Thursday. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The company has a market cap of $2.82 trillion, a price-to-earnings ratio of 45.55, a PEG ratio of 1.76 and a beta of 1.77. The company’s fifty day moving average price is $130.17 and its two-hundred day moving average price is $131.31. 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 (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. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.36%.

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Thursday, February 27th. Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. HSBC reduced their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four investment 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 company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $171.69.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,110,295 shares of company stock valued at $146,698,216 over the last three months. Corporate 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.