Summit Wealth Group LLC Decreases Position in NVIDIA Co. (NASDAQ:NVDA)

Summit Wealth Group LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC.

The firm owned 23,404 shares of the computer hardware maker’s stock after selling 4,846 shares during the quarter. NVIDIA comprises 0.9% of Summit Wealth Group LLC’s portfolio, making the stock its 26th biggest holding.



Summit Wealth Group LLC’s holdings in NVIDIA were worth $3,143,000 as of its most recent filing with the SEC. Several other large investors have also recently modified their holdings of NVDA. Legend Financial Advisors Inc.

bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter valued at $40,000. Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at $46,000.

1620 Investment Advisors Inc. increased its stake in NVIDIA by 145.9% in the third quarter.

1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after purchasing an additional 248 shares during the period. Finally, Gleason Group Inc.

lifted its position in shares of NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc.

now owns 428 shares of the computer hardware maker’s stock worth $58,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and SellingIn other news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.

42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.

36. This trade represents a 27.32 % decrease in their position.

The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.

00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690.

This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last 90 days. Insiders own 4.23% of the company’s stock.

NVIDIA Stock PerformanceShares of NVDA stock opened at $110.15 on Wednesday. The company has a debt-to-equity ratio of 0.

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

The business has a fifty day moving average of $123.81 and a 200 day moving average of $131.47.

The firm has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 1.

76 and a beta of 1.77. NVIDIA Co.

has a 1 year low of $75.61 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $38.16 billion. As a group, research analysts expect that NVIDIA Co.

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

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

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

NVIDIA’s payout ratio is currently 1.36%. Analysts Set New Price TargetsNVDA has been the topic of a number of research analyst reports.

Truist Financial upped their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson lowered their price target on NVIDIA from $135.

00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Mizuho reduced their price objective on NVIDIA from $175.

00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, Susquehanna reaffirmed a “positive” rating and set a $180.

00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.

com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.Check Out Our Latest Research Report on NVIDIAAbout 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.Further ReadingFive stocks we like better than NVIDIA3 Dividend Kings To ConsiderD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyCanada Bond Market Holiday: How to Invest and Trade Amazon Falls Back to a Key Support Line: Here’s How to Play ItWhat Are Dividend Champions? How to Invest in the ChampionsBuffett Trims Equities, But Still Keeps Buying This Stock.