NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,643 shares of the computer hardware maker’s stock after selling 97 shares during the period. Geneos Wealth Management Inc.’s holdings in NVIDIA were worth $6,756,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA during the fourth quarter valued at $28,000. Peoples Financial Services CORP. acquired a new position in NVIDIA during the third quarter worth about $30,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA during the third quarter worth about $30,000. O Brien Wealth Partners LLC grew its holdings in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. Finally, Trivant Custom Portfolio Group LLC boosted its position in NVIDIA by 44.1% during 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 during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were 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 approximately $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the 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 of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $840.35 on Thursday. The stock has a market cap of $2.10 trillion, a P/E ratio of 70.38, a PEG ratio of 1.24 and a beta of 1.73. NVIDIA Co. has a one year low of $262.25 and a one year high of $974.00. The company has a fifty day moving average price of $840.89 and a 200 day moving average price of $618.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue was up 265.3% on a year-over-year basis. Analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Benchmark restated a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. JPMorgan Chase & Co. raised their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Oppenheimer raised their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Loop Capital began coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Finally, Piper Sandler Companies raised their price objective on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued 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 $940.30.

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.