MWA Asset Management Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

MWA Asset Management decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,042 shares of the computer hardware maker’s stock after selling 94 shares during the quarter. NVIDIA makes up approximately 3.3% of MWA Asset Management’s portfolio, making the stock its 3rd largest position. MWA Asset Management’s holdings in NVIDIA were worth $4,974,000 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. SC&H Financial Advisors Inc. boosted its holdings in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the last quarter. Clientfirst Wealth Management LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $235,000. Tenon Financial LLC purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $216,000. Mainsail Financial Group LLC grew its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Mainsail Financial Group LLC now owns 10,950 shares of the computer hardware maker’s stock valued at $1,471,000 after acquiring an additional 350 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of NVIDIA by 3.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 60,877 shares of the computer hardware maker’s stock valued at $8,175,000 after acquiring an additional 1,992 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were 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 of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock worth $146,405,286 over the last 90 days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $112.69 on Monday. 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 company has a market cap of $2.75 trillion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The stock has a 50-day moving average price of $131.66 and a 200-day moving average price of $131.68.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal 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 paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial boosted their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Citigroup lifted their target price on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Piper Sandler increased their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Redburn Atlantic began coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.69.

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.