Centennial Wealth Advisory LLC Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Centennial Wealth Advisory LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,751 shares of the computer hardware maker’s stock after acquiring an additional 438 shares during the period. NVIDIA comprises approximately 1.2% of Centennial Wealth Advisory LLC’s portfolio, making the stock its 14th largest position. Centennial Wealth Advisory LLC’s holdings in NVIDIA were worth $3,055,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Palisade Asset Management LLC boosted its position 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 valued at $1,866,000 after purchasing an additional 75 shares during the period. Blue Square Asset Management LLC lifted its stake in 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 valued at $5,840,000 after buying an additional 10,136 shares during the last quarter. Narwhal Capital Management boosted its holdings 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 valued at $66,267,000 after acquiring an additional 26,373 shares during the period. Tybourne Capital Management HK Ltd. grew its position in shares of NVIDIA by 46.7% during 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 acquiring an additional 5,360 shares during the last quarter. Finally, Unique Wealth LLC increased its holdings in shares of NVIDIA by 10.0% in the 4th quarter. Unique Wealth LLC now owns 37,629 shares of the computer hardware maker’s stock valued at $5,053,000 after acquiring an additional 3,428 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by insiders.

NVIDIA Stock Down 5.7 %

NVDA stock opened at $110.57 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company’s 50 day simple moving average is $132.15 and its 200-day simple moving average is $131.75. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The firm has a market capitalization of $2.70 trillion, a PE ratio of 43.51, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced its 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson reiterated a “neutral” rating and set a $135.00 price target on shares of NVIDIA in a research note on Thursday, February 27th. Morgan Stanley reiterated an “overweight” rating and set a $162.00 target price (up previously from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. Citigroup raised their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Melius Research upped their price objective on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Redburn Atlantic initiated coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $171.69.

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.