Insight Wealth Strategies LLC Trims Stock Holdings in NVIDIA Corporation $NVDA

Insight Wealth Strategies LLC reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,537 shares of the computer hardware maker’s stock after selling 2,991 shares during the quarter. Insight Wealth Strategies LLC’s holdings in NVIDIA were worth $5,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Winnow Wealth LLC purchased a new stake in shares of NVIDIA during the second quarter worth $32,000. Longfellow Investment Management Co. LLC grew its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA in the second quarter valued at $40,000. Sellwood Investment Partners LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA during the 2nd quarter valued at $54,000. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on NVDA shares. Deutsche Bank Aktiengesellschaft raised their target price on NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Tigress Financial reissued a “strong-buy” rating and issued a $360.00 price target (up from $350.00) on shares of NVIDIA in a report on Thursday, March 5th. The Goldman Sachs Group set a $250.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Wednesday, February 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 target price on shares of NVIDIA in a report on Tuesday. Finally, Bank of America increased their price objective on NVIDIA from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average target price of $275.40.

Get Our Latest Stock Report on NVIDIA

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total value of $3,514,400.00. Following the completion of the sale, the chief financial officer owned 93,060 shares of the company’s stock, valued at $16,352,503.20. This represents a 17.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 3,004 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the transaction, the director owned 14,788 shares in the company, valued at $2,734,301.20. The trade was a 16.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 798,284 shares of company stock worth $146,064,329 in the last quarter. 4.17% of the stock is owned by insiders.

NVIDIA Stock Down 0.9%

NVDA opened at $178.81 on Friday. The business’s fifty day simple moving average is $184.84 and its 200 day simple moving average is $184.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.34 trillion, a PE ratio of 36.49, a P/E/G ratio of 0.61 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue was up 73.2% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.82%.

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Read More

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.