NVIDIA Co. (NASDAQ:NVDA) Position Decreased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 8.7% during the first quarter, Holdings Channel reports. The firm owned 5,954 shares of the computer hardware maker’s stock after selling 568 shares during the period. NVIDIA makes up 1.7% of Outlook Wealth Advisors LLC’s portfolio, making the stock its 12th largest holding. Outlook Wealth Advisors LLC’s holdings in NVIDIA were worth $5,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norwood Financial Corp acquired a new stake in NVIDIA during the 1st quarter worth about $45,000. Coston McIsaac & Partners increased its position in shares of NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock worth $47,000 after acquiring an additional 37 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Finally, Able Wealth Management LLC acquired a new position in NVIDIA in the 4th quarter worth approximately $32,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last 90 days. 3.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price for the company. Craig Hallum raised their price objective on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Mizuho lifted their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Sanford C. Bernstein increased their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, CICC Research started coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective on the stock. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Performance

NVDA stock traded up $51.03 during midday trading on Friday, hitting $877.35. The stock had a trading volume of 54,877,793 shares, compared to its average volume of 43,852,452. NVIDIA Co. has a 52 week low of $266.25 and a 52 week high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $854.40 and a 200 day simple moving average of $635.34. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.48, a P/E/G ratio of 1.18 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.