Wealth Management Partners LLC Sells 3,620 Shares of NVIDIA Co. (NASDAQ: NVDA)

Wealth Management Partners LLC has recently announced a reduction in its stake in NVIDIA Co. (NASDAQ: NVDA) by selling 3,620 shares during the fourth quarter of the fiscal year. This sale marks a 1.9% decrease in their holdings, bringing them down to 183,302 shares. NVIDIA is currently the largest holding in Wealth Management Partners LLC’s portfolio, making up approximately 10.6% of their assets. At the end of the recent quarter, the value of their NVIDIA shares was approximately $24,616,000.

Various hedge funds have been adjusting their own positions in NVIDIA as well. Notably, Access Financial Services Inc. increased its stake by 9.0%, now holding 3,053 shares valued at around $410,000 after acquiring an additional 253 shares. Similarly, Sarasin & Partners LLP raised its holdings by 5.3%, now owning 4,539,801 shares, which are worth $609,650,000 following the purchase of 230,141 additional shares during the same period. M.E. Allison & CO. Inc. entered a new investment in NVIDIA with a stake valued at approximately $840,000. Additionally, FOCUS Wealth Advisors LLC more than doubled its holdings by 110.8%, obtaining 21,670 shares valued at $2,910,000 after buying an extra 11,390 shares. Thrive Wealth Management LLC also increased its position by 5.2%, now owning 35,298 NVIDIA shares, worth about $4,740,000. Collectively, hedge funds and institutional investors own 65.27% of NVIDIA's stock.

NVIDIA Stock Performance

The stock price of NVIDIA (NASDAQ: NVDA) was $129.84 as of Monday. Its 50-day simple moving average stands at $135.31, while the 200-day moving average is $129.44. NVIDIA has a market capitalization of $3.18 trillion, a price-to-earnings (P/E) ratio of 51.10, and a price-to-earnings growth (P/E/G) ratio of 1.62. The company exhibits a beta of 1.62 and has a debt-to-equity ratio of 0.13. Its quick ratio is reported at 3.64, and its current ratio is 4.10. In the past year, NVIDIA’s stock has ranged from a low of $66.25 to a high of $153.13.

NVIDIA's most recent earnings report was on November 20, when it posted earnings per share (EPS) of $0.81, surpassing the estimated EPS of $0.69 by $0.12. Revenue for that quarter reached $35.08 billion, exceeding analysts' projections of $33.15 billion. The company achieved a return on equity of 114.83% and a net profit margin of 55.69%, indicating a significant increase of 93.6% in revenue compared to the previous year. Analysts predict that NVIDIA will report an EPS of 2.77 for the ongoing fiscal year.

NVIDIA Dividend Details

NVIDIA has also declared a quarterly dividend that was issued on December 27. Shareholders on record by December 5 received a dividend of $0.01 per share, resulting in an annualized dividend of $0.04, translating to a yield of 0.03%. The ex-dividend date for the stock was December 5, and as of now, NVIDIA’s payout ratio stands at 1.57%.

Insider Trading Activities

In insider trading news, EVP Ajay K. Puri executed a sale of 36,462 shares on January 6, fetching an average price of $151.10, totaling $5,509,408. Following the sale, Puri retained 3,902,888 shares valued at approximately $589,726,377—representing a 0.93% ownership reduction. The transaction was reported to the Securities & Exchange Commission (SEC). Furthermore, CFO Colette Kress sold 66,670 shares on December 13 at an average price of $135.40, which amounted to $9,027,118. Post-sale, Kress holds 3,351,572 shares valued at approximately $453,802,849, marking a 1.95% decrease in her ownership. Over the last three months, insiders have sold 1,108,348 NVIDIA shares worth around $146,506,958, with insider ownership currently at 4.23%.

Analysts' Ratings for NVIDIA

Recent assessments by research analysts have indicated varied outlooks on NVIDIA shares. HSBC downgraded its price target from $195.00 to $185.00 but maintained a “buy” rating. Piper Sandler increased its target from $140.00 to $175.00, assigning an “overweight” rating. Melius Research raised its target price to $185.00, with a “buy” recommendation. Benchmark reaffirmed a “buy” rating, setting a target of $190.00, while Morgan Stanley lowered its target from $166.00 to $152.00, maintaining an “overweight” rating. Among the analyst community, four have given a hold rating, thirty-eight have issued buy ratings, and two have recommended a strong buy for NVIDIA, resulting in an average rating of “Moderate Buy” and an average target price of $166.23 according to MarketBeat data.

About NVIDIA Corporation

NVIDIA Corporation operates on a global scale, providing various graphics, computing, and networking solutions. Its Products include GeForce GPUs for gaming and personal computers, the GeForce NOW gaming service, Quadro/NVIDIA RTX GPUs for enterprise graphics, and software for visual computing applications. The company also develops automotive platforms and software solutions for building metaverse and internet applications.

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