Executive Wealth Management LLC Sells 13,230 Shares of NVIDIA Co. (NASDAQ:NVDA)

Executive Wealth Management LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,530 shares of the computer hardware maker’s stock after selling 13,230 shares during the period. NVIDIA comprises about 1.9% of Executive Wealth Management LLC’s portfolio, making the stock its 11th largest position. Executive Wealth Management LLC’s holdings in NVIDIA were worth $24,231,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Guardian Wealth Management Inc. boosted its position in NVIDIA by 428.5% during the 3rd quarter. Guardian Wealth Management Inc. now owns 1,982 shares of the computer hardware maker’s stock valued at $241,000 after acquiring an additional 1,607 shares in the last quarter. Abel Hall LLC lifted its stake in shares of NVIDIA by 4.5% during the 3rd quarter. Abel Hall LLC now owns 27,718 shares of the computer hardware maker’s stock worth $3,366,000 after purchasing an additional 1,199 shares during the last quarter. Nabity Jensen Investment Management Inc bought a new stake in NVIDIA during the third quarter valued at about $4,771,000. Continuum Advisory LLC grew its stake in NVIDIA by 0.6% in the third quarter. Continuum Advisory LLC now owns 87,022 shares of the computer hardware maker’s stock valued at $10,568,000 after purchasing an additional 543 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in NVIDIA by 36.1% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 174,374 shares of the computer hardware maker’s stock worth $21,176,000 after purchasing an additional 46,279 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $137.71 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a fifty day moving average of $138.99 and a 200 day moving average of $129.05. The firm has a market cap of $3.37 trillion, a PE ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. NVIDIA Co. has a one year low of $56.11 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its 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. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NVDA shares. Raymond James raised their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. UBS Group raised their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Loop Capital restated a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.63.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last ninety days. Insiders own 4.23% of the company’s stock.

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.