NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Lumature Wealth Partners LLC

Lumature Wealth Partners LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,888 shares of the computer hardware maker’s stock after selling 125 shares during the quarter. Lumature Wealth Partners LLC’s holdings in NVIDIA were worth $849,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. boosted 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 acquiring an additional 220 shares in the last quarter. Private Capital Advisors Inc. boosted 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 acquiring an additional 1,136 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth about $2,210,000. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of NVIDIA during the 4th quarter worth about $79,000. Finally, Prosperity Consulting Group LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $404,000. 55.19% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on NVDA shares. Cowen reaffirmed an “outperform” rating and set a $350.00 price objective on shares of NVIDIA in a research report on Tuesday, March 15th. Morgan Stanley initiated coverage on NVIDIA in a research report on Tuesday, May 3rd. They issued an “equal weight” rating and a $217.00 target price for the company. KeyCorp decreased their target price on NVIDIA from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, April 12th. Tigress Financial upped their target price on NVIDIA from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, March 29th. Finally, Zacks Investment Research cut NVIDIA from a “buy” rating to a “hold” rating and set a $229.00 target price for the company. in a research report on Tuesday, April 19th. Eight 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 company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and an average target price of $324.82.

Shares of NVDA stock opened at $177.06 on Friday. The company has a market cap of $515.73 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59. The stock has a 50 day simple moving average of $224.97 and a 200-day simple moving average of $257.53. NVIDIA Co. has a 12-month low of $135.43 and a 12-month high of $346.47. The company has a current ratio of 6.65, a quick ratio of 6.05 and a debt-to-equity ratio of 0.41.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data 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. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period last year, the business posted $0.64 EPS. NVIDIA’s quarterly revenue was up 52.8% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Co. will post 4.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 3rd were paid a $0.04 dividend. 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 payout ratio is currently 4.16%.

In related news, Director Mark L. Perry sold 16,716 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $263.80, for a total value of $4,409,680.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 292,340 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $237.12, for a total value of $69,319,660.80. The disclosure for this sale can be found here. Insiders sold a total of 409,056 shares of company stock valued at $101,135,342 over the last ninety days. 4.47% of the stock is currently owned by company insiders.

NVIDIA Profile (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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