Wealthsource Partners LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

Wealthsource Partners LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)


Wealthsource Partners LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,869 shares of the computer hardware maker’s stock after selling 743 shares during the quarter. Wealthsource Partners LLC’s holdings in NVIDIA were worth $3,897,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Peoples Financial Services CORP. bought a new position in NVIDIA in the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the 3rd quarter worth approximately $30,000. Quarry LP acquired a new stake in NVIDIA in the first quarter worth approximately $34,000. Compass Wealth Management LLC acquired a new stake in NVIDIA in the fourth quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC lifted its position in NVIDIA by 44.1% in the third 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 period. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 0.8 %

Shares of NASDAQ:NVDA opened at $950.02 on Tuesday. The company has a market cap 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 stock’s 50-day moving average is $743.67 and its 200-day moving average is $562.64. NVIDIA Co. has a 52-week low of $258.50 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Equities research analysts predict that NVIDIA Co. will post 22.4 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In related news, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 48,360 shares in the company, valued at $24,180,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 48,360 shares in the company, valued at $24,180,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,774 shares of company stock valued at $64,322,528. 3.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Wolfe Research increased their price objective on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. CICC Research assumed coverage on NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Finally, KeyCorp reiterated an “overweight” rating and set a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $908.68.

View Our Latest Research Report on NVDA

NVIDIA 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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