MPS Loria Financial Planners LLC Reduces Stake in NVIDIA Co.

MPS Loria Financial Planners LLC has reportedly scaled down its investment in NVIDIA Co., recognized by its ticker as NVDA on the NASDAQ stock exchange. During the third quarter, the financial planning firm reduced its holdings by 30.1%. Previously owning a total of 826 shares in the tech company, MPS Loria has now sold off 356 shares. After this transaction, their investment portfolio's latest SEC filing indicates an NVIDIA valuation of around $359,000.

Institutional Investors' Activity

The trend of reshuffling investments in NVIDIA is not unique to MPS Loria Financial Planners LLC. A variety of institutions have altered their stakes in the technology giant. For example, Peoples Financial Services CORP. initiated a new position in NVIDIA worth approximately $30,000 during the third quarter. In similar investment moves, Marquette Asset Management LLC and Quarry LP established new stakes valued about $34,000 in the second and first quarters, respectively. Compass Wealth Management LLC's new investment in NVIDIA in the fourth quarter was valued at roughly $39,000, and MRP Capital Investments LLC acquired NVIDIA shares worth near $42,000 in the second quarter. Overall, institutional investors and hedge funds own a dominant 64.79% of the company's shares.

Stock Analyst Insights

NVIDIA has recently been featured in several analyst reports with various upgrades and downgrades. Notable mentions include Mizuho's price target increase from $590.00 to $625.00 with a 'buy' rating, and Bank of America's elevated price target from $650.00 to $700.00, also maintaining a 'buy' rating. Moreover, Truist Financial updated its price target for NVIDIA to $674.00 with a 'buy' rating. Other analyses by firms like Needham & Company LLC and KeyCorp have generally maintained a positive outlook, despite one lowering NVIDIA’s target price from $750.00 to $650.00. The stock enjoys a 'Moderate Buy' consensus rating based on MarketBeat's aggregation of various research reports and carries an average price target of $593.26.

Executive and Insider Trading Activities

There have also been notable insider trading activities involving NVIDIA shares. EVP Debora Shoquist sold 20,000 shares on November 27th at an average price of $481.85 each, resulting in a transaction value of over $9.6 million. Following this sale, Shoquist still holds 109,860 NVIDIA shares worth more than $52.9 million. Additionally, Director Dawn E. Hudson sold 1,000 shares on December 15th at $492.52 per share. Over the past quarter, insiders have sold a total of 77,442 shares, valued at around $37.71 million. NVIDIA insiders collectively own 3.99% of the company's stock.

The Standing of NVIDIA Stock

On the trading front, NVIDIA's stock opened at $490.97. The company shows stable financial health with a quick ratio of 3.06, a current ratio of 3.59, and a relatively low debt-to-equity ratio of 0.25. NVIDIA, with a 64.77 price-to-earnings ratio and a market value of $1.21 trillion, has seen its shares fluctuate between a low of $140.34 and a high of $505.48 over the past year. Its trading price is also supported by its 50-day and two-hundred-day moving averages.

Regarding earnings, NVIDIA outperformed expectations during its last quarterly report, posting earnings of $4.02 per share as opposed to the anticipated $3.03, with an impressive 42.10% net margin and a significant return on equity of 72.28%. The company's revenue saw a dramatic climb, racking up 205.5% growth compared to the previous year's quarter. For the ongoing fiscal year, analysts estimate NVIDIA's EPS to be at 11.06.

Dividend Announcement

NVIDIA has announced a quarterly dividend of $0.04 per share, which was paid out in late December to shareholders on record as of early December. The company maintains a conservative dividend payout ratio at 2.11%.

About NVIDIA

NVIDIA Corporation is renowned for its cutting-edge graphics, computing, and networking solutions. The company operates worldwide, with significant presences in the United States, Taiwan, China, and beyond. Its product portfolio ranges from GeForce GPUs and game streaming services to enterprise workstation graphics, automotive platforms, and 3D virtual environment construction software.

NVIDIA, Shares, Investment