Wilson & Boucher Capital Management LLC Sells 270 Shares of NVIDIA Co. (NASDAQ:NVDA)

Wilson & Boucher Capital Management LLC cut its position in NVIDIA Co. (NASDAQ:NVDA) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,546 shares of the computer hardware maker’s stock after selling 270 shares during the quarter. Wilson & Boucher Capital Management LLC’s holdings in NVIDIA were worth $188,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Brown Financial Advisors raised its position in NVIDIA by 16.4% in the third quarter. Brown Financial Advisors now owns 34,822 shares of the computer hardware maker’s stock valued at $4,229,000 after purchasing an additional 4,899 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of NVIDIA by 13.0% in the third quarter. Coldstream Capital Management Inc. now owns 630,057 shares of the computer hardware maker’s stock valued at $78,339,000 after buying an additional 72,548 shares during the period. Gould Capital LLC increased its stake in shares of NVIDIA by 10.7% in the third quarter. Gould Capital LLC now owns 2,563 shares of the computer hardware maker’s stock valued at $311,000 after buying an additional 247 shares during the period. Strait & Sound Wealth Management LLC increased its stake in shares of NVIDIA by 17.8% in the third quarter. Strait & Sound Wealth Management LLC now owns 77,577 shares of the computer hardware maker’s stock valued at $9,421,000 after buying an additional 11,711 shares during the period. Finally, FRG Family Wealth Advisors LLC increased its stake in shares of NVIDIA by 5.4% in the third quarter. FRG Family Wealth Advisors LLC now owns 21,039 shares of the computer hardware maker’s stock valued at $2,555,000 after buying an additional 1,070 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $140.83 on Wednesday. The firm has a market cap of $3.45 trillion, a PE ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64. The stock’s fifty day moving average price is $138.84 and its two-hundred day moving average price is $129.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $58.58 and a 1 year high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup raised their target price on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. DA Davidson raised their target price on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Loop Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Truist Financial raised their price objective on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

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.