AMJ Financial Wealth Management Trims Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

AMJ Financial Wealth Management trimmed its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 51.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,192 shares of the computer hardware maker’s stock after selling 9,632 shares during the period. NVIDIA makes up 0.7% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 23rd biggest holding. AMJ Financial Wealth Management’s holdings in NVIDIA were worth $1,116,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its holdings in shares of NVIDIA by 40.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock worth $28,000 after acquiring an additional 53 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in NVIDIA by 7.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 846 shares of the computer hardware maker’s stock worth $128,000 after buying an additional 55 shares during the period. Gould Capital LLC increased its stake in NVIDIA by 24.1% in the 2nd quarter. Gould Capital LLC now owns 283 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 55 shares during the period. D.B. Root & Company LLC increased its stake in NVIDIA by 1.5% in the 2nd quarter. D.B. Root & Company LLC now owns 3,739 shares of the computer hardware maker’s stock worth $566,000 after buying an additional 56 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in NVIDIA by 0.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 6,093 shares of the computer hardware maker’s stock worth $924,000 after buying an additional 57 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA opened at $189.31 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 2.74. The firm has a fifty day moving average price of $162.10 and a 200 day moving average price of $153.77. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The stock has a market cap of $471.38 billion, a P/E ratio of 81.98, a P/E/G ratio of 7.29 and a beta of 1.77.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was down 16.5% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Co. will post 2.19 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.08%. The ex-dividend date was Wednesday, November 30th. NVIDIA’s payout ratio is presently 6.81%.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Morgan Stanley reduced their price target on shares of NVIDIA from $182.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 17th. Oppenheimer cut their target price on shares of NVIDIA from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Citigroup cut their target price on shares of NVIDIA from $248.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Barclays raised their target price on shares of NVIDIA from $170.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Tigress Financial cut their target price on shares of NVIDIA from $310.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, December 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $209.23.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 2,494 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $167.89, for a total value of $418,717.66. Following the completion of the sale, the insider now owns 56,617 shares of the company’s stock, valued at approximately $9,505,428.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Mark A. Stevens sold 120,000 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the completion of the sale, the director now owns 1,325,888 shares of the company’s stock, valued at $210,604,049.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the sale, the insider now directly owns 56,617 shares of the company’s stock, valued at approximately $9,505,428.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 227,787 shares of company stock valued at $36,844,997. 4.04% of the stock is owned by corporate insiders.

NVIDIA Company Profile

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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