Partnership Wealth Management LLC Has $1.32 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Partnership Wealth Management LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,809 shares of the computer hardware maker’s stock after acquiring an additional 429 shares during the quarter. NVIDIA comprises 1.1% of Partnership Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Partnership Wealth Management LLC’s holdings in NVIDIA were worth $1,317,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NVDA. Quest Partners LLC bought a new position in shares of NVIDIA during the second quarter worth approximately $27,000. Christopher J. Hasenberg Inc bought a new position in NVIDIA during the 3rd quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of NVIDIA during the second quarter worth $31,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Finally, West Financial Advisors LLC acquired a new position in shares of NVIDIA in the third quarter valued at about $36,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.1 %

NVDA opened at $142.62 on Monday. NVIDIA Co. has a twelve month low of $60.57 and a twelve month high of $153.13. The company has a fifty day moving average of $138.72 and a 200-day moving average of $129.55. The stock has a market cap of $3.49 trillion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $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. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last quarter. 4.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NVDA shares. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Truist Financial lifted their price target on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. TD Cowen raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

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.