Litman Gregory Wealth Management LLC Has $448,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Litman Gregory Wealth Management LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,335 shares of the computer hardware maker’s stock after acquiring an additional 650 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in NVIDIA were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Manuka Financial LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $21,136,000. Destiny Wealth Partners LLC grew its holdings in NVIDIA by 209.0% in the 4th quarter. Destiny Wealth Partners LLC now owns 44,318 shares of the computer hardware maker’s stock valued at $5,951,000 after buying an additional 29,976 shares during the last quarter. Verus Financial Partners Inc. bought a new position in NVIDIA in the 4th quarter worth approximately $309,000. Chicago Partners Investment Group LLC lifted its holdings in shares of NVIDIA by 0.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 508,376 shares of the computer hardware maker’s stock worth $71,229,000 after buying an additional 2,829 shares during the last quarter. Finally, Scharf Investments LLC boosted its position in shares of NVIDIA by 4.9% in the fourth quarter. Scharf Investments LLC now owns 42,939 shares of the computer hardware maker’s stock valued at $5,766,000 after acquiring an additional 2,007 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVDA shares. Susquehanna upped their target price on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Truist Financial upped their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Phillip Securities reissued an “accumulate” rating and set a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday. Finally, Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $169.62.

NVIDIA Stock Performance

NVDA opened at $120.15 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 47.28, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The business has a 50 day moving average of $134.39 and a 200-day moving average of $131.81.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last quarter. 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.