Boulder Wealth Advisors LLC Reduces NVIDIA Stake

Boulder Wealth Advisors LLC has decreased its investment in NVIDIA Co. (NASDAQ: NVDA) by 12.0% during the third quarter, as reported by Holdings Channel.com. After selling 765 shares during the period, the firm now holds 5,605 shares of the computer hardware manufacturer. NVIDIA accounts for about 0.4% of Boulder Wealth Advisors LLC's overall portfolio, making it the 17th largest position within their investments. As of the most recent reporting period, the value of Boulder Wealth Advisors LLC's holdings in NVIDIA was approximately $681,000.

Other institutional investors have also adjusted their positions in NVIDIA recently. For instance, Ironwood Wealth Management LLC increased its stake by an astonishing 896.9% during the second quarter, now owning 6,330 shares valued at $782,000 after acquiring an additional 5,695 shares. Financial Guidance Group Inc. raised its holdings in the company by 900.0%, owning 3,600 shares worth $445,000 after adding 3,240 shares. Similarly, Tobam increased its position by 811.4%, now possessing 41,489 shares valued at $5,126,000 following the purchase of 36,937 shares. Forum Financial Management LP also saw a significant increase, growing its stake by 808.0% to 144,878 shares worth $17,898,000 after buying 128,923 additional shares. Lastly, Heritage Family Offices LLP entered the market with a new stake valued at $257,000 during the second quarter. Notably, hedge funds and other institutional investors currently own around 65.27% of NVIDIA's stock.

Insider Trading Activity

In recent insider activity, Director Tench Coxe sold 1,000,000 shares of NVIDIA on December 16th, fetching an average price of $131.26 per share and totaling $131,260,000. Following this sale, Coxe's direct ownership stands at 28,671,360 shares, valued at nearly $3.76 billion, reflecting a 3.37% decrease in ownership. Additionally, EVP Ajay K. Puri sold 36,462 shares on January 6th for an average price of $151.10, totaling about $5.51 million. Post-sale, Puri retains 3,902,888 shares valued at $589.73 million, marking a 0.93% decrease in their stake. Over the last 90 days, insiders have sold a total of 1,108,348 shares worth roughly $146.51 million, with corporate insiders holding 4.23% of NVIDIA's stock.

NVIDIA Stock Overview

NVIDIA's shares opened at $147.22 on Friday, with a 50-day moving average of $138.70 and a 200-day moving average of $129.34. The company has experienced a 52-week low of $59.94 and a high of $153.13. NVIDIA boasts a market capitalization of $3.61 trillion, a price-to-earnings ratio of 57.94, a PEG ratio of 2.54, and a beta of 1.64. Its liquidity ratios include a quick ratio of 3.64 and a current ratio of 4.10, indicating strong financial health, while the debt-to-equity ratio stands at 0.13.

Recently, NVIDIA released its earnings report on November 20th, revealing earnings per share (EPS) of $0.81 for the quarter, exceeding expectations of $0.69 by $0.12. The company's return on equity was a remarkable 114.83%, with a net margin of 55.69%. NVIDIA reported quarterly revenue of $35.08 billion, surpassing analysts' forecasts of $33.15 billion, and showing a year-over-year increase of 93.6%.

Dividend Declaration

Moreover, NVIDIA recently declared a quarterly dividend, which was paid on December 27th. Shareholders on record as of December 5th received a dividend of $0.01 per share, reflecting an annualized dividend of $0.04 and a dividend yield of 0.03%. The ex-dividend date was also December 5th, and NVIDIA's dividend payout ratio is currently at 1.57%.

Analysts' Price Targets

Multiple research analysts have recently updated their price targets for NVIDIA shares. Needham & Company LLC raised its price target from $145.00 to $160.00 while rating the stock as a "buy" in a research note published on November 21st. Wedbush also increased their target from $160.00 to $175.00, giving the stock an "outperform" rating. Phillip Securities maintained an "accumulate" rating with a new target price of $160.00 while Bank of America set a target of $190.00 with a "buy" rating. Benchmark similarly reaffirmed a "buy" rating with a target of $190.00 as of January 7th. Overall, four analysts rate the stock as a hold, thirty-nine suggest a buy, with one giving it a strong buy recommendation. The average rating from analysts is a "Moderate Buy" with an average price target of $164.63.

NVIDIA Company Profile

NVIDIA Corporation operates in the fields of graphics, compute, and networking solutions across various regions, including the United States, Taiwan, China, and Hong Kong. Its offerings include GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and solutions for multiple gaming platforms. NVIDIA is also noted for its Quadro and NVIDIA RTX GPUs for enterprise graphics, virtual GPU software for cloud-based visual computing, automotive platforms for infotainment, and Omniverse software for metaverse development.

NVIDIA, investments, stocks