Peterson Wealth Services Trims Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Peterson Wealth Services lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,711 shares of the computer hardware maker’s stock after selling 2,010 shares during the period. NVIDIA comprises about 6.4% of Peterson Wealth Services’ holdings, making the stock its 2nd largest holding. Peterson Wealth Services’ holdings in NVIDIA were worth $21,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in NVIDIA in the fourth quarter worth approximately $1,615,000. Clarus Group Inc. lifted its holdings in shares of NVIDIA by 17.8% in the 4th quarter. Clarus Group Inc. now owns 42,141 shares of the computer hardware maker’s stock worth $5,659,000 after acquiring an additional 6,375 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in shares of NVIDIA by 3.3% in the 4th quarter. Essex Financial Services Inc. now owns 197,759 shares of the computer hardware maker’s stock worth $26,557,000 after acquiring an additional 6,324 shares during the last quarter. BostonPremier Wealth LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at $2,018,000. Finally, Armor Investment Advisors LLC grew its holdings in shares of NVIDIA by 1.9% during the 4th quarter. Armor Investment Advisors LLC now owns 10,830 shares of the computer hardware maker’s stock valued at $1,454,000 after purchasing an additional 198 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $131,260,000.00. Following the completion of the transaction, 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 ninety days, insiders have sold 1,039,125 shares of company stock valued at $137,062,338. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $115.58 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company has a 50 day moving average price of $129.71 and a 200 day moving average price of $131.20.

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. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company 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 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVDA. The Goldman Sachs Group increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. TD Cowen upped their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Four 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

NVIDIA Company Profile

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.