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

Continuum Wealth Advisors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 32.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,999 shares of the computer hardware maker’s stock after buying an additional 1,212 shares during the period. NVIDIA accounts for approximately 0.3% of Continuum Wealth Advisors LLC’s portfolio, making the stock its 27th largest holding. Continuum Wealth Advisors LLC’s holdings in NVIDIA were worth $671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NVDA. TruNorth Capital Management LLC lifted its position in NVIDIA by 3.3% during the fourth quarter. TruNorth Capital Management LLC now owns 25,100 shares of the computer hardware maker’s stock worth $3,371,000 after buying an additional 800 shares during the period. EdgeRock Capital LLC increased its stake in shares of NVIDIA by 10.8% during the 4th quarter. EdgeRock Capital LLC now owns 35,728 shares of the computer hardware maker’s stock valued at $4,798,000 after acquiring an additional 3,476 shares during the last quarter. Sierra Capital LLC lifted its holdings in shares of NVIDIA by 10.4% during the 4th quarter. Sierra Capital LLC now owns 28,554 shares of the computer hardware maker’s stock worth $3,834,000 after acquiring an additional 2,695 shares during the period. Brown Financial Advisors grew its holdings in NVIDIA by 8.8% in the fourth quarter. Brown Financial Advisors now owns 37,893 shares of the computer hardware maker’s stock valued at $5,089,000 after purchasing an additional 3,071 shares during the period. Finally, Blackhawk Capital Partners LLC. increased its position in NVIDIA by 15.9% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 29,808 shares of the computer hardware maker’s stock worth $4,003,000 after purchasing an additional 4,090 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. Bank of America reissued a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Truist Financial lifted their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $108.38 on Tuesday. The firm’s 50 day moving average is $124.42 and its two-hundred day moving average is $131.53. The firm has a market capitalization of $2.64 trillion, a P/E ratio of 42.65, 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 Co. has a 52 week low of $75.61 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 over the last quarter. 4.23% of the stock is currently owned by company insiders.

NVIDIA 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.