Eads & Heald Wealth Management Has $7.03 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Eads & Heald Wealth Management trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,371 shares of the computer hardware maker’s stock after selling 915 shares during the quarter. NVIDIA accounts for 3.5% of Eads & Heald Wealth Management’s portfolio, making the stock its largest position. Eads & Heald Wealth Management’s holdings in NVIDIA were worth $7,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. XML Financial LLC raised its stake in NVIDIA by 1.6% during the 4th quarter. XML Financial LLC now owns 59,405 shares of the computer hardware maker’s stock worth $7,978,000 after buying an additional 909 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of NVIDIA by 9.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,862,521 shares of the computer hardware maker’s stock worth $1,190,148,000 after acquiring an additional 765,852 shares in the last quarter. Traphagen Investment Advisors LLC lifted its holdings in shares of NVIDIA by 4.1% during the 4th quarter. Traphagen Investment Advisors LLC now owns 32,879 shares of the computer hardware maker’s stock valued at $4,415,000 after purchasing an additional 1,302 shares in the last quarter. Genesis Private Wealth LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $2,073,000. Finally, Simon Quick Advisors LLC increased its stake in NVIDIA by 11.4% during the 4th quarter. Simon Quick Advisors LLC now owns 137,649 shares of the computer hardware maker’s stock worth $18,485,000 after purchasing an additional 14,067 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 1.3 %

Shares of NVDA stock opened at $131.14 on Thursday. NVIDIA Co. has a 12-month low of $66.25 and a 12-month high of $153.13. The company has a market capitalization of $3.21 trillion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. The firm has a 50 day moving average price of $135.06 and a two-hundred day moving average price of $129.84. 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 released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, January 8th. Needham & Company LLC increased their target price on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Monday, January 27th. Finally, Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

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.