NVIDIA Co. (NASDAQ:NVDA) Holdings Lowered by SWS Partners




SWS Partners lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,501 shares of the computer hardware maker’s stock after selling 715 shares during the period. SWS Partners’ holdings in NVIDIA were worth $334,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Elite Wealth Management Inc. increased its position in shares of NVIDIA by 0.6% in the fourth quarter. Elite Wealth Management Inc. now owns 12,053 shares of the computer hardware maker’s stock worth $1,609,000 after acquiring an additional 76 shares in the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of NVIDIA by 37.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock worth $81,000 after acquiring an additional 79 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of NVIDIA by 4.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,242 shares of the computer hardware maker’s stock worth $299,000 after acquiring an additional 86 shares in the last quarter. Blue Fin Capital Inc. increased its position in shares of NVIDIA by 2.0% in the fourth quarter. Blue Fin Capital Inc. now owns 4,766 shares of the computer hardware maker’s stock worth $636,000 after acquiring an additional 95 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its position in shares of NVIDIA by 21.0% in the fourth quarter. Baystate Wealth Management LLC now owns 553 shares of the computer hardware maker’s stock worth $87,000 after acquiring an additional 96 shares in the last quarter. 67.83% of the stock is currently owned by institutional investors.

Shares of NVDA stock opened at $149.26 on Friday. The firm has a market cap of $97.11 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 3.82 and a beta of 1.93. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the business earned $1.72 EPS. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. Equities analysts forecast that NVIDIA Co. will post 4.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be given a $0.16 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.43%. NVIDIA’s payout ratio is currently 10.54%.

In other news, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total value of $858,668.85. Following the transaction, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 889 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $147.91, for a total transaction of $131,491.99. Following the completion of the transaction, the chief financial officer now owns 259,912 shares in the company, valued at $38,443,583.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,348 shares of company stock worth $1,007,805. Insiders own 4.70% of the company’s stock.

NVDA has been the subject of a number of recent analyst reports. SunTrust Banks lowered their price target on shares of NVIDIA to $187.00 in a report on Tuesday, January 29th. Jefferies Financial Group lowered their price target on shares of NVIDIA from $320.00 to $246.00 and set a “buy” rating for the company in a report on Friday, November 16th. Raymond James lowered their price target on shares of NVIDIA from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, November 16th. Mizuho lowered their price target on shares of NVIDIA from $295.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 16th. Finally, Benchmark lowered their price target on shares of NVIDIA from $310.00 to $240.00 and set a “buy” rating for the company in a report on Friday, November 16th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $210.09.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Further Reading: Reverse Stock Split

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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