Powell Investment Advisors LLC Has $456,000 Stake in NVIDIA Co. (NASDAQ:NVDA)

Powell Investment Advisors LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 921 shares of the computer hardware maker’s stock after selling 99 shares during the quarter. Powell Investment Advisors LLC’s holdings in NVIDIA were worth $456,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the 3rd quarter valued at $30,000. Trivant Custom Portfolio Group LLC raised its holdings in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares in the last quarter. O Brien Wealth Partners LLC lifted its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. Finally, Beacon Capital Management Inc. acquired a new stake in NVIDIA in the fourth quarter valued at about $50,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.0 %

NASDAQ:NVDA opened at $877.57 on Tuesday. NVIDIA Co. has a one year low of $272.40 and a one year high of $974.00. The company has a market cap of $2.19 trillion, a PE ratio of 73.50, a PEG ratio of 1.26 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a 50-day moving average of $857.43 and a 200-day moving average of $640.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. KeyCorp boosted their target price on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. HSBC raised their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Truist Financial raised their price objective on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Mizuho increased their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last quarter. Insiders own 3.99% of the company’s stock.

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.