Insight Wealth Strategies LLC Decreases Stock Position in NVIDIA Corporation $NVDA

Insight Wealth Strategies LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 9.2% in the fourth quarter, HoldingsChannel reports. The fund owned 29,537 shares of the computer hardware maker’s stock after selling 2,991 shares during the period. Insight Wealth Strategies LLC’s holdings in NVIDIA were worth $5,509,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the stock in a transaction 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 transaction, the chief financial officer owned 93,060 shares in the company, valued at approximately $16,352,503.20. This represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 3,004 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total value of $555,439.60. Following the transaction, the director directly owned 14,788 shares of the company’s stock, valued at $2,734,301.20. This represents a 16.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 798,284 shares of company stock valued at $146,064,329 over the last ninety days. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $178.81 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm has a 50-day moving average of $184.84 and a 200 day moving average of $184.12. The company has a market cap of $4.34 trillion, a P/E ratio of 36.49, a PEG ratio of 0.61 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating 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 business had revenue of $68.13 billion for the quarter, compared to analysts’ expectations of $65.56 billion. During the same period in the previous year, the firm posted $0.89 EPS. The business’s revenue was up 73.2% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wolfe Research boosted their price objective on shares of NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Rosenblatt Securities reissued a “buy” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Tuesday. Evercore restated an “outperform” rating on shares of NVIDIA in a report on Tuesday, January 6th. Robert W. Baird upped their price target on NVIDIA from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 price objective (up from $250.00) on shares of NVIDIA in a report on Friday, January 16th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $275.40.

Check Out Our Latest Stock Report on NVIDIA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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