Arcadia Wealth Management LLC Has $701,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Arcadia Wealth Management LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,219 shares of the computer hardware maker’s stock after selling 396 shares during the quarter. Arcadia Wealth Management LLC’s holdings in NVIDIA were worth $701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Narus Financial Partners LLC increased its position in NVIDIA by 12.9% in the 4th quarter. Narus Financial Partners LLC now owns 34,103 shares of the computer hardware maker’s stock valued at $4,580,000 after acquiring an additional 3,887 shares in the last quarter. Hansen & Associates Financial Group Inc. lifted its holdings in shares of NVIDIA by 2,070.5% in the fourth quarter. Hansen & Associates Financial Group Inc. now owns 36,811 shares of the computer hardware maker’s stock valued at $5,043,000 after purchasing an additional 35,115 shares in the last quarter. AA Financial Advisors LLC grew its stake in shares of NVIDIA by 3.8% during the 4th quarter. AA Financial Advisors LLC now owns 28,665 shares of the computer hardware maker’s stock worth $3,849,000 after acquiring an additional 1,045 shares in the last quarter. CMG Global Holdings LLC boosted its stake in shares of NVIDIA by 1.3% during the 4th quarter. CMG Global Holdings LLC now owns 10,869 shares of the computer hardware maker’s stock worth $1,599,000 after buying an additional 138 shares during the last quarter. Finally, Evernest Financial Advisors LLC increased its position in shares of NVIDIA by 81.1% during the 4th quarter. Evernest Financial Advisors LLC now owns 67,500 shares of the computer hardware maker’s stock worth $9,065,000 after purchasing an additional 30,238 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock worth $146,405,286 in the last ninety days. 4.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Piper Sandler lifted their price target on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday. Bank of America restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Mizuho boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Melius Research boosted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Price Performance

NVDA opened at $131.28 on Thursday. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. 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 stock has a 50-day moving average price of $134.60 and a 200-day moving average price of $131.89. The stock has a market capitalization of $3.22 trillion, a P/E ratio of 51.66, a PEG ratio of 1.76 and a beta of 1.62.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is presently 1.57%.

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.