Sendero Wealth Management LLC Purchases 427 Shares of NVIDIA Co. (NASDAQ:NVDA)

Sendero Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,068 shares of the computer hardware maker’s stock after purchasing an additional 427 shares during the period. NVIDIA comprises about 1.6% of Sendero Wealth Management LLC’s portfolio, making the stock its 9th largest position. Sendero Wealth Management LLC’s holdings in NVIDIA were worth $8,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA during the third quarter worth $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter worth $30,000. Quarry LP acquired a new stake in shares of NVIDIA during the first quarter worth $34,000. Compass Wealth Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $39,000. Finally, Trivant Custom Portfolio Group LLC raised its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,352 shares of company stock valued at $64,853,077. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $902.50 on Thursday. The company’s 50 day moving average price is $758.96 and its two-hundred day moving average price is $569.38. NVIDIA Co. has a 12-month low of $258.50 and a 12-month high of $974.00. The firm has a market cap of $2.26 trillion, a PE ratio of 75.59, a PEG ratio of 1.33 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 265.3% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Truist Financial raised their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Piper Sandler boosted their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. CICC Research initiated coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Susquehanna boosted their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler Companies boosted their price target on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

About NVIDIA

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.