NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,473 shares of the computer hardware maker’s stock after selling 1,334 shares during the quarter. NVIDIA makes up about 2.4% of Cordatus Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Cordatus Wealth Management LLC’s holdings in NVIDIA were worth $9,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Centricity Wealth Management LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $913,000. Legacy Capital Group California Inc. increased its position in 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 worth $14,533,000 after buying an additional 79,599 shares during the last quarter. Waterfront Wealth Inc. increased its position in NVIDIA by 4.5% during the fourth quarter. Waterfront Wealth Inc. now owns 7,436 shares of the computer hardware maker’s stock worth $999,000 after buying an additional 323 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in NVIDIA by 41.5% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,205 shares of the computer hardware maker’s stock valued at $430,000 after buying an additional 940 shares during the period. Finally, Trinity Legacy Partners LLC lifted its position in shares of NVIDIA by 2.2% in the fourth quarter. Trinity Legacy Partners LLC now owns 92,924 shares of the computer hardware maker’s stock valued at $12,479,000 after buying an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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 directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 in the last three months. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $113.76 on Thursday. The business’s 50-day moving average price is $126.01 and its 200-day moving average price is $131.46. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.77, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $38.16 billion. Equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued 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 payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NVDA shares. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Mizuho dropped their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Bank of America reaffirmed a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $171.51.

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.