Kellett Wealth Advisors LLC Buys 1,950 Shares of NVIDIA Co. (NASDAQ:NVDA)

Kellett Wealth Advisors LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.

The fund owned 8,805 shares of the computer hardware maker’s stock after buying an additional 1,950 shares during the period. NVIDIA makes up 0.8% of Kellett Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position.



Kellett Wealth Advisors LLC’s holdings in NVIDIA were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors also recently modified their holdings of the stock. Hoertkorn Richard Charles grew its stake in NVIDIA by 2.

0% in the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker’s stock valued at $424,000 after purchasing an additional 70 shares in the last quarter. DiNuzzo Private Wealth Inc.

grew its stake in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc.

now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after buying an additional 71 shares in the last quarter. Smart Portfolios LLC increased its holdings in NVIDIA by 2.7% during the third quarter.

Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock worth $341,000 after buying an additional 75 shares during the last quarter. Palisade Asset Management LLC lifted its stake in NVIDIA by 0.5% in the third quarter.

Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after acquiring an additional 75 shares during the last quarter. Finally, Baker Boyer National Bank grew its position in shares of NVIDIA by 3.3% in the 4th quarter.

Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after acquiring an additional 76 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price PerformanceShares of NASDAQ:NVDA opened at $110.15 on Wednesday. The firm has a market cap of $2.

69 trillion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.

77. NVIDIA Co. has a 52 week low of $75.

61 and a 52 week high of $195.95. The firm’s fifty day moving average is $123.

81 and its 200-day moving average is $131.47. The company has a debt-to-equity ratio of 0.

13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.

84 by $0.05. NVIDIA had a return on equity of 114.

83% and a net margin of 55.69%. The firm had revenue of $39.

33 billion for the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts predict that NVIDIA Co.

will post 2.77 earnings per share for the current year. NVIDIA Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd.

Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th.

This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%.

NVIDIA’s dividend payout ratio (DPR) is currently 1.36%. Analyst Upgrades and DowngradesSeveral equities research analysts recently issued reports on the stock.

DA Davidson cut their target price on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th.

Bank of America reissued a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. HSBC cut their price target on NVIDIA from $195.

00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Mizuho dropped their price objective on shares of NVIDIA from $175.

00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.51.

Check Out Our Latest Stock Analysis on NVDAInsider ActivityIn related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.

80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95.

This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 21st.

The shares were sold at an average price of $116.80, for a total value of $525,600.00.

Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.

93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615.

4.23% of the stock is currently owned by insiders. About NVIDIA (Free Report)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.Featured ArticlesFive stocks we like better than NVIDIA3 Small Caps With Big Return PotentialD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyShort Selling – The Pros and Cons Amazon Falls Back to a Key Support Line: Here’s How to Play ItREIT Stocks – Best REIT Stocks to Add to Your Portfolio TodayBuffett Trims Equities, But Still Keeps Buying This Stock.