Cassaday & Co Wealth Management LLC Purchases 1,735 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cassaday & Co Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,639 shares of the computer hardware maker’s stock after acquiring an additional 1,735 shares during the quarter. NVIDIA comprises about 0.6% of Cassaday & Co Wealth Management LLC’s portfolio, making the stock its 18th largest position. Cassaday & Co Wealth Management LLC’s holdings in NVIDIA were worth $21,572,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NVDA. Grove Street Fiduciary LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $759,000. Compass Capital Corp MA ADV bought a new position in NVIDIA in the 4th quarter valued at $4,852,000. WP Advisors LLC increased its stake in NVIDIA by 6.7% in the fourth quarter. WP Advisors LLC now owns 59,693 shares of the computer hardware maker’s stock worth $8,016,000 after purchasing an additional 3,773 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of NVIDIA during the fourth quarter worth $913,000. Finally, Legacy Capital Group California Inc. boosted its stake in shares of NVIDIA by 278.1% during the fourth quarter. Legacy Capital Group California Inc. now owns 108,223 shares of the computer hardware maker’s stock valued at $14,533,000 after purchasing an additional 79,599 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 5.7 %

NASDAQ NVDA opened at $113.76 on Thursday. The stock has a market cap of $2.78 trillion, a P/E ratio of 44.77, a P/E/G ratio of 1.76 and a beta of 1.77. 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. The company has a fifty day simple moving average of $126.01 and a two-hundred day simple moving average of $131.46.

NVIDIA (NASDAQ:NVDA) last issued its 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 during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced 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 is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.36%.

Analyst Ratings Changes

Several research analysts recently commented on NVDA shares. 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 research note on Thursday, February 27th. Barclays raised their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. HSBC reduced their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Bank of America reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.51.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, 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. In the last quarter, insiders have sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is owned by company insiders.

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.