U.S. Capital Wealth Advisors LLC Has $64.82 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

U.S. Capital Wealth Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 21.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 482,714 shares of the computer hardware maker’s stock after acquiring an additional 85,651 shares during the quarter. NVIDIA accounts for about 2.0% of U.S. Capital Wealth Advisors LLC’s holdings, making the stock its 5th biggest holding. U.S. Capital Wealth Advisors LLC’s holdings in NVIDIA were worth $64,824,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Palisade Asset Management LLC lifted its holdings in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after acquiring an additional 75 shares during the last quarter. Blue Square Asset Management LLC increased its stake in shares of NVIDIA by 26.7% in the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker’s stock worth $5,840,000 after buying an additional 10,136 shares during the period. Narwhal Capital Management increased its stake in shares of NVIDIA by 5.1% in the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker’s stock worth $66,267,000 after buying an additional 26,373 shares during the period. Unique Wealth LLC increased its stake in shares of NVIDIA by 10.0% in the fourth quarter. Unique Wealth LLC now owns 37,629 shares of the computer hardware maker’s stock worth $5,053,000 after buying an additional 3,428 shares during the period. Finally, Tybourne Capital Management HK Ltd. increased its stake in shares of NVIDIA by 46.7% in the third quarter. Tybourne Capital Management HK Ltd. now owns 16,826 shares of the computer hardware maker’s stock worth $2,043,000 after buying an additional 5,360 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $124.81 on Friday. The firm’s 50 day moving average price is $134.19 and its 200-day moving average price is $131.92. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. 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 capitalization of $3.06 trillion, a PE ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, 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 link. Also, EVP Ajay K. Puri sold 36,462 shares of the 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 sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research report on Monday, February 24th. Piper Sandler upped their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Bank of America upped their target price on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 target price (up from $152.00) on shares of NVIDIA in a research report on Wednesday. Finally, Citigroup upped their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $169.62.

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.