Lumature Wealth Partners LLC Trims Holdings in NVIDIA Co. (NASDAQ:NVDA)

Lumature Wealth Partners LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,888 shares of the computer hardware maker’s stock after selling 125 shares during the period. Lumature Wealth Partners LLC’s holdings in NVIDIA were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NVDA. Cutter & CO Brokerage Inc. grew its position in shares of NVIDIA by 6.0% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 3,867 shares of the computer hardware maker’s stock worth $1,137,000 after buying an additional 220 shares in the last quarter. Private Capital Advisors Inc. grew its position in shares of NVIDIA by 36.7% during the 4th quarter. Private Capital Advisors Inc. now owns 4,228 shares of the computer hardware maker’s stock worth $1,243,000 after buying an additional 1,136 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in shares of NVIDIA during the 4th quarter worth $2,210,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of NVIDIA during the 4th quarter worth $79,000. Finally, Prosperity Consulting Group LLC bought a new position in shares of NVIDIA during the 4th quarter worth $404,000. Institutional investors and hedge funds own 55.19% of the company’s stock.

Shares of NASDAQ:NVDA opened at $177.06 on Friday. NVIDIA Co. has a 52-week low of $135.43 and a 52-week high of $346.47. The stock has a market cap of $515.73 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.10 and a beta of 1.59. The company has a quick ratio of 6.05, a current ratio of 6.65 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $224.97 and a 200-day moving average price of $257.53.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.13. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. NVIDIA’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 4.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 3rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 2nd. NVIDIA’s dividend payout ratio is currently 4.16%.

NVDA has been the topic of a number of recent research reports. Citigroup raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price target on the stock in a research report on Wednesday, April 13th. They noted that the move was a valuation call. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 price objective on the stock in a research report on Wednesday, April 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $400.00 price objective on shares of NVIDIA in a research report on Thursday, February 17th. KeyCorp dropped their price objective on NVIDIA from $350.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 12th. Finally, Truist Financial dropped their price objective on NVIDIA from $347.00 to $298.00 in a research report on Friday, April 8th. Eight research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $324.82.

In related news, CEO Jen Hsun Huang sold 292,340 shares of NVIDIA stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total transaction of $69,319,660.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $274.06, for a total value of $27,406,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 409,056 shares of company stock valued at $101,135,342. 4.47% of the stock is owned by company insiders.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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