Kingswood Wealth Advisors LLC Holds a $19.26 Million Stake in NVIDIA Co. (NASDAQ: NVDA)

Kingswood Wealth Advisors LLC Holds a .26 Million Stake in NVIDIA Co. (NASDAQ: NVDA)

Kingswood Wealth Advisors LLC boosted its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 112.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,896 shares of the computer hardware maker’s stock after purchasing an additional 20,625 shares during the period. NVIDIA makes up approximately 2.2% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Kingswood Wealth Advisors LLC’s holdings in NVIDIA were worth $19,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA in the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter worth $30,000. Quarry LP bought a new stake in NVIDIA in the 1st quarter valued at about $34,000. Compass Wealth Management LLC acquired a new position in NVIDIA during the 4th quarter valued at about $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 purchasing an additional 30 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of NVIDIA from $750.00 to $795.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Bank of America raised their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

View Our Latest Stock Analysis on NVDA

NVIDIA Stock Performance

Shares of NVDA traded down $1.75 during mid-day trading on Tuesday, hitting $948.27. The company’s stock had a trading volume of 38,082,489 shares, compared to its average volume of 53,836,465. The stock’s 50-day moving average is $743.67 and its two-hundred day moving average is $562.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market capitalization of $2.37 trillion, a PE ratio of 79.07, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a one year low of $258.50 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the firm posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 22.4 EPS for the current 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 given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold 104,774 shares of company stock valued at $64,322,528 over the last ninety days. 3.99% of the stock is currently owned by insiders.

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.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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