Oak Hill Wealth Advisors LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 14.8% in the fourth quarter, selling 339 shares and leaving them with 1,955 shares worth $968,000. Other major investors also made changes to their positions in NVIDIA, such as LFA Lugano Financial Advisors SA acquiring a new position valued at $28,000 and Criterion Capital Advisors LLC and Your Advocates Ltd. LLP also acquiring new positions. Trivant Custom Portfolio Group LLC increased its stake by 44.1% and now owns 98 shares, while O Brien Wealth Partners LLC increased its stake by 139.5%.
Insiders have also been active in trading NVIDIA shares, with Donald F. Robertson, Jr. selling 450 shares and Director John Dabiri selling 128 shares. The company recently announced a quarterly dividend and analysts have given their opinions on the stock, with many providing positive outlooks and increased price targets.
NVIDIA’s stock performance has been strong, with the company reporting impressive earnings results and a significant increase in revenue compared to the previous year. The stock opened at $947.80 and has a market capitalization of $2.33 billion, a price-to-earnings ratio of 79.38, and a beta of 1.75.
NVIDIA Corporation provides graphics, computing, and networking solutions globally, with a focus on gaming, PCs, enterprise workstation graphics, cloud-based computing, automotive platforms, and software development. The company’s diverse offerings cater to a wide range of industries and applications.
Overall, NVIDIA continues to be a strong player in the technology industry, with positive financial performance, active insider trading, analyst support, and a diverse product portfolio. Investors and analysts remain optimistic about the company’s future prospects, with a consensus rating of “Moderate Buy” and an average price target of $1,002.18.
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