NVIDIA Co. (NASDAQ:NVDA) Holdings Trimmed by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 36.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,869 shares of the computer hardware maker’s stock after selling 1,087 shares during the quarter. NVIDIA accounts for about 0.6% of Prosperity Wealth Management Inc.’s portfolio, making the stock its 26th biggest holding. Prosperity Wealth Management Inc.’s holdings in NVIDIA were worth $926,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the 3rd quarter valued at about $30,000. Trivant Custom Portfolio Group LLC raised 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 valued at $43,000 after acquiring an additional 30 shares in the last quarter. O Brien Wealth Partners LLC lifted its stake in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in NVIDIA in the 4th quarter valued at $50,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $826.32 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $851.37 and its two-hundred day moving average price is $632.39. NVIDIA Co. has a twelve month low of $266.25 and a twelve month high of $974.00. The company has a market cap of $2.07 trillion, a PE ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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 previous year, the business posted $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. On average, analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. 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%.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVDA. CICC Research began coverage on shares of NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target for the company. UBS Group raised their price objective on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Piper Sandler Companies raised their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Bank of America boosted their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, HSBC lifted their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average 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.