Accurate Wealth Management LLC Holds $4.27 Million Worth of NVIDIA Co. (NASDAQ:NVDA) Stocks

Accurate Wealth Management LLC Holds .27 Million Worth of NVIDIA Co. (NASDAQ:NVDA) Stocks


Accurate Wealth Management LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,784 shares of the computer hardware maker’s stock after selling 261 shares during the period. NVIDIA makes up about 1.3% of Accurate Wealth Management LLC’s portfolio, making the stock its 13th largest position. Accurate Wealth Management LLC’s holdings in NVIDIA were worth $4,268,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA in the 3rd quarter worth $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the 3rd quarter worth $30,000. Quarry LP bought a new stake in shares of NVIDIA in the 1st quarter worth $34,000. Compass Wealth Management LLC bought a new stake in shares of NVIDIA in the 4th quarter worth $39,000. Finally, Trivant Custom Portfolio Group LLC grew its stake in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the sale, the insider now owns 50,961 shares in the company, valued at approximately $24,696,719.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The disclosure for this sale can be found here. Insiders have sold 104,774 shares of company stock valued at $64,322,528 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. UBS Group increased their target price on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald reiterated an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Argus increased their target price on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

Check Out Our Latest Report on NVIDIA

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $950.02 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 79.57, a P/E/G ratio of 1.36 and a beta of 1.73. The business has a fifty day simple moving average of $743.67 and a two-hundred day simple moving average of $562.64. NVIDIA Co. has a 12 month low of $258.50 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, equities analysts forecast that NVIDIA Co. will post 22.4 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.34%.

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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