LWM Advisory Services LLC Sells 1,015 Shares of NVIDIA Co. (NASDAQ:NVDA)

LWM Advisory Services LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,110 shares of the computer hardware maker’s stock after selling 1,015 shares during the period. NVIDIA accounts for approximately 2.5% of LWM Advisory Services LLC’s holdings, making the stock its 11th biggest position. LWM Advisory Services LLC’s holdings in NVIDIA were worth $3,531,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. boosted its stake in NVIDIA by 726.6% during the fourth quarter. FPC Investment Advisory Inc. now owns 2,397 shares of the computer hardware maker’s stock valued at $322,000 after buying an additional 2,107 shares during the last quarter. JBR Co Financial Management Inc boosted its position in shares of NVIDIA by 0.5% during the 4th quarter. JBR Co Financial Management Inc now owns 198,577 shares of the computer hardware maker’s stock valued at $26,667,000 after acquiring an additional 1,043 shares during the last quarter. ST. Nicholas Private Asset Management Inc. purchased a new position in shares of NVIDIA in the fourth quarter valued at $4,901,000. Fisher Funds Management LTD bought a new stake in NVIDIA in the fourth quarter worth $37,806,000. Finally, Richardson Capital Management LLC raised its stake in NVIDIA by 1,235.7% during the fourth quarter. Richardson Capital Management LLC now owns 62,379 shares of the computer hardware maker’s stock valued at $8,377,000 after purchasing an additional 57,709 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NVDA shares. Tigress Financial restated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho lowered their price objective on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Morgan Stanley set a $162.00 target price on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, Bank of America restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the 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 sale, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by insiders.

NVIDIA Trading Down 1.6 %

NVDA opened at $109.67 on Friday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The stock has a fifty day moving average price of $125.01 and a 200-day moving average price of $131.34. The firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 43.16, a PEG 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

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.