Oak Harbor Wealth Partners LLC Sells 1,069 Shares of NVIDIA Co. (NASDAQ:NVDA)

Oak Harbor Wealth Partners LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 11.6% during the third quarter, HoldingsChannel.com reports. The firm owned 8,141 shares of the computer hardware maker’s stock after selling 1,069 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in NVIDIA were worth $989,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Lantz Financial LLC grew its stake in shares of NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after buying an additional 36,774 shares in the last quarter. ERn Financial LLC grew its position in shares of NVIDIA by 917.2% in the 2nd quarter. ERn Financial LLC now owns 45,589 shares of the computer hardware maker’s stock valued at $5,632,000 after acquiring an additional 41,107 shares during the period. Dupont Capital Management Corp increased its stake in shares of NVIDIA by 867.8% during the 2nd quarter. Dupont Capital Management Corp now owns 503,414 shares of the computer hardware maker’s stock worth $62,192,000 after purchasing an additional 451,397 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in shares of NVIDIA by 1,003.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 89,035 shares of the computer hardware maker’s stock valued at $10,999,000 after purchasing an additional 80,968 shares during the period. Finally, Miller Wealth Advisors LLC lifted its stake in NVIDIA by 2,855.9% in the 2nd quarter. Miller Wealth Advisors LLC now owns 62,251 shares of the computer hardware maker’s stock valued at $7,690,000 after purchasing an additional 60,145 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVDA. Needham & Company LLC raised their price objective on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. HSBC raised their price target on NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 14th. William Blair assumed coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Finally, Evercore ISI lifted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $134.29 on Wednesday. The company has a market capitalization of $3.29 trillion, a P/E ratio of 52.85, a P/E/G ratio of 2.43 and a beta of 1.63. The business has a fifty day simple moving average of $139.66 and a two-hundred day simple moving average of $128.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors 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 of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is 1.57%.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,351,886 shares of company stock valued at $176,825,650 in the last 90 days. Corporate insiders own 4.23% 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.