During the fourth quarter, Western Wealth Management LLC increased its stake in NVIDIA Co. by 4.2%, as reported in its recent SEC filing. The firm now holds 29,284 shares of the computer hardware maker’s stock, marking a gain of 1,170 shares for the quarter. NVIDIA constitutes 1.0% of Western Wealth Management LLC’s portfolio, ranking as its 17th largest position, valued at $14,502,000 by the end of the quarter.
Numerous other institutional investors and hedge funds also made adjustments to their positions in NVIDIA. For instance, Moody Lynn & Lieberson LLC raised its holdings in NVIDIA by 7.2% during the third quarter, now owning 89,053 shares valued at $38,737,000. Additionally, TrueMark Investments LLC initiated a new position in NVIDIA during the fourth quarter, valued at approximately $2,639,000. McLean Asset Management Corp increased its stake in NVIDIA by 11.7% during the same period, now holding 1,773 shares valued at $871,000. Similarly, Cornercap Investment Counsel Inc. lifted its stake in NVIDIA by 5.7%, now owning 3,900 shares valued at $1,931,000. Moreover, Shilanski & Associates Inc. increased its stake in NVIDIA by 15.9%, now holding 2,983 shares valued at $1,477,000. Notably, hedge funds and other institutional investors collectively own 65.27% of NVIDIA’s stock.
In its most recent quarterly earnings report on February 21st, NVIDIA reported earnings per share (EPS) of $5.16, surpassing analysts’ consensus estimate of $4.21 by $0.95. The company generated revenue of $22.10 billion during the quarter, exceeding the consensus estimate of $20.40 billion. NVIDIA achieved a net margin of 48.85% and a return on equity of 93.61%, with quarterly revenue surging by 265.3% year-over-year. Analysts anticipate NVIDIA Co. to post EPS of 22.55 for the current fiscal year.
Regarding dividends, NVIDIA recently disclosed a quarterly dividend of $0.04 per share, reflecting an annualized basis yield of 0.02%. The company’s payout ratio currently stands at 1.34%.
In terms of insider activity, Director Mark A. Stevens recently sold 10,000 shares of NVIDIA stock in transactions dated February 23rd and March 4th, totaling $7,975,700.00 and $10,242,480.00, respectively. Following these transactions, Stevens now holds 1,124,583 shares in the company, valued at approximately $896,933,663.31. Overall, insiders sold 61,278 shares of NVIDIA stock worth $52,689,898 in the last 90 days, with corporate insiders currently owning 3.99% of the company’s stock.
Several equity analysts have recently issued their views on NVDA shares, with a consensus rating of “Moderate Buy” and an average price target of $940.30, according to data from MarketBeat. NVIDIA Corporation provides graphics, compute, and networking solutions globally, offering a range of products for gaming, enterprise workstation graphics, cloud-based computing, automotive platforms, and metaverse applications.