NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by BSW Wealth Partners

BSW Wealth Partners raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,221 shares of the computer hardware maker’s stock after acquiring an additional 212 shares during the quarter. NVIDIA makes up about 0.7% of BSW Wealth Partners’ holdings, making the stock its 25th largest holding. BSW Wealth Partners’ holdings in NVIDIA were worth $3,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Moody Lynn & Lieberson LLC grew its position in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares in the last quarter. TrueMark Investments LLC purchased a new position in shares of NVIDIA during the fourth quarter worth $2,639,000. McLean Asset Management Corp boosted its position in shares of NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after buying an additional 186 shares during the period. Shilanski & Associates Inc. boosted its position in shares of NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after buying an additional 410 shares during the period. Finally, WealthPLAN Partners LLC boosted its holdings in NVIDIA by 14.3% in the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after purchasing an additional 996 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 2.5 %

Shares of NVIDIA stock opened at $860.01 on Tuesday. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00. The firm has a market cap of $2.15 trillion, a PE ratio of 72.03, a P/E/G ratio of 1.27 and a beta of 1.73. The business’s fifty day moving average is $834.27 and its two-hundred day moving average is $613.81. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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. 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 in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Wolfe Research lifted their target price on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Bank of America lifted their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Truist Financial lifted their price target on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, KeyCorp boosted their target price on NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $926.30.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 11,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now owns 1,074,833 shares of the company’s stock, valued at $973,422,506.45. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last ninety days. Insiders own 3.99% of the company’s stock.

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.