Oakwell Private Wealth Management LLC Has $5.16 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Oakwell Private Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,417 shares of the computer hardware maker’s stock after acquiring an additional 105 shares during the period. NVIDIA accounts for 1.4% of Oakwell Private Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Oakwell Private Wealth Management LLC’s holdings in NVIDIA were worth $5,159,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVDA. Sincerus Advisory LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $515,000. Red Crane Wealth Management LLC bought a new position in NVIDIA during the 4th quarter worth about $295,000. Armstrong Fleming & Moore Inc boosted its position in NVIDIA by 3.5% during the 4th quarter. Armstrong Fleming & Moore Inc now owns 20,599 shares of the computer hardware maker’s stock worth $2,766,000 after acquiring an additional 705 shares during the last quarter. LifeGoal Wealth Advisors bought a new position in shares of NVIDIA in the 4th quarter valued at about $503,000. Finally, ORBA Wealth Advisors L.L.C. increased its holdings in NVIDIA by 11.2% during the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 5,427 shares of the computer hardware maker’s stock worth $729,000 after buying an additional 545 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.2 %

Shares of NVIDIA stock opened at $110.42 on Thursday. The company’s 50-day moving average price is $123.07 and its 200-day moving average price is $131.32. 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 company has a market cap of $2.69 trillion, a price-to-earnings ratio of 43.46, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays increased their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Mizuho cut their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.51.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In 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 corporate insiders.

About NVIDIA

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.