1 week Ago By ABMN Staff
Meridian Wealth Advisors LLC reduced its position in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 1.4% during the 4th quarter, HoldingsChannel reports.
The fund owned 57,926 shares of the computer hardware maker’s stock after selling 810 shares during the period. NVIDIA accounts for 1.3% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position.
Meridian Wealth Advisors LLC’s holdings in NVIDIA were worth $7,779,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors also recently bought and sold shares of the company. Samalin Investment Counsel LLC increased its position in shares of NVIDIA by 2.
8% during the fourth quarter. Samalin Investment Counsel LLC now owns 32,786 shares of the computer hardware maker’s stock worth $4,403,000 after purchasing an additional 908 shares in the last quarter. Heron Bay Capital Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $286,000.
Blueprint Investment Partners LLC boosted its stake in NVIDIA by 12.2% during the fourth quarter. Blueprint Investment Partners LLC now owns 208,678 shares of the computer hardware maker’s stock worth $28,023,000 after buying an additional 22,773 shares during the period.
Mosley Wealth Management increased its holdings in NVIDIA by 6.9% in the 4th quarter. Mosley Wealth Management now owns 15,164 shares of the computer hardware maker’s stock valued at $1,876,000 after purchasing an additional 973 shares during the last quarter.
Finally, Guardian Partners Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at $1,959,000. 65.
27% of the stock is owned by institutional investors and hedge funds. Insider Activity In other news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.
00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690.
This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st.
The stock was sold at an average price of $116.80, for a total value of $525,600.00.
Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.
93 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last three months.
Corporate insiders own 4.23% of the company’s stock. NVIDIA Trading Up 4.
3 % NVIDIA ( NASDAQ:NVDA – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.
84 by $0.05. The business had revenue of $39.
33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.
83% and a net margin of 55.69%. Equities research analysts predict that NVIDIA Co.
will post 2.77 earnings per share for the current fiscal year. NVIDIA Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd.
Investors of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th.
NVIDIA’s dividend payout ratio (DPR) is currently 1.36%. Analyst Ratings Changes A number of equities research analysts have issued reports on the stock.
Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th.
Morgan Stanley decreased their target price on NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday.
DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th.
Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.
96. Read Our Latest Research Report on NVIDIA NVIDIA Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ).
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