Wealth Management Partners LLC Sells 3,620 Shares of NVIDIA Co. (NASDAQ:NVDA)

Wealth Management Partners LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,302 shares of the computer hardware maker’s stock after selling 3,620 shares during the quarter. NVIDIA accounts for approximately 10.6% of Wealth Management Partners LLC’s portfolio, making the stock its largest holding. Wealth Management Partners LLC’s holdings in NVIDIA were worth $24,616,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Access Financial Services Inc. grew its stake in NVIDIA by 9.0% during the 4th quarter. Access Financial Services Inc. now owns 3,053 shares of the computer hardware maker’s stock valued at $410,000 after purchasing an additional 253 shares in the last quarter. Sarasin & Partners LLP boosted its position in NVIDIA by 5.3% during the 4th quarter. Sarasin & Partners LLP now owns 4,539,801 shares of the computer hardware maker’s stock valued at $609,650,000 after purchasing an additional 230,141 shares during the period. M.E. Allison & CO. Inc. acquired a new position in NVIDIA during the 4th quarter valued at approximately $840,000. FOCUS Wealth Advisors LLC raised its stake in NVIDIA by 110.8% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 21,670 shares of the computer hardware maker’s stock valued at $2,910,000 after acquiring an additional 11,390 shares in the last quarter. Finally, Thrive Wealth Management LLC raised its position in shares of NVIDIA by 5.2% during the fourth quarter. Thrive Wealth Management LLC now owns 35,298 shares of the computer hardware maker’s stock worth $4,740,000 after purchasing an additional 1,737 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NASDAQ:NVDA opened at $129.84 on Monday. The stock’s 50-day simple moving average is $135.31 and its 200 day simple moving average is $129.44. The company has a market cap of $3.18 trillion, a P/E ratio of 51.10, a P/E/G ratio of 1.62 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $66.25 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is presently 1.57%.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last three months. Insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NVDA shares. HSBC lowered their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Piper Sandler raised their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Melius Research raised their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $166.23.

NVIDIA 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.