One Charles Private Wealth Services LLC Scales Down Investment in NVIDIA Corporation

One Charles Private Wealth Services LLC has made a slight reduction in its investment in NVIDIA Co. (NASDAQ:NVDA), a leading company in the computer hardware industry. A recent regulatory filing with the Securities and Exchange Commission revealed that the firm decreased their holdings by approximately 0.8%, selling 15 shares during the fourth quarter. Following the sale, One Charles Private Wealth Services LLC's stake in NVIDIA is valued at around $895,000, with 1,808 shares remaining in their portfolio.

Institutional Investor Movements

One Charles Private Wealth Services LLC isn't the only institutional investor adjusting its stake in NVIDIA. Numerous other funds have also reported changes. For instance, Lodestar Private Asset Management LLC increased its NVIDIA holdings by 1.0%, now owning 1,652 shares with a value of $818,000. Campbell Newman Asset Management Inc. also increased its stake by 0.6%, holding 2,991 shares valued at $1,481,000. Kraft Davis & Associates LLC, IAG Wealth Partners LLC, and Aprio Wealth Management LLC also made slight increases in their NVIDIA positions. Collectively, hedge funds and institutional investors own 65.27% of NVIDIA's stock.

Analyst Ratings and NVIDIA's Performance

Several Wall Street research firms have offered their views on NVIDIA's prospects, with Citigroup, UBS Group, Cantor Fitzgerald, Tigress Financial, and HSBC providing updated price targets and ratings. The majority have given NVIDIA a "buy" rating, showing strong confidence in the company's stock performance. According to aggregated analyst ratings from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" with an average price target of $951.55.

Financial Highlights

NVIDIA Co. has shown remarkable earnings, posting a quarterly EPS of $5.16, which beats the projected estimate by $0.95. The company also reported substantial yearly revenue growth, highlighting its market strength. Investors also took note of NVIDIA's dividend announcement, indicating a well-rounded corporate financial strategy.

Direct Transaction by Insiders

There have been notable insider transactions at NVIDIA, with directors actively trading company shares. These transactions are reported and filed with the SEC, showcasing the involvement of corporate insiders in the stock market. Insider stock ownership stands at a significant 3.99% of the company's stock.

About NVIDIA Corporation

NVIDIA Corporation, a global leader in the graphics and compute sector, offers a variety of products and services. These range from GPUs for gaming and enterprise to cloud computing solutions, infotainment systems for automotive, and revolutionary software for metaverse development. The company operates internationally, catering to a diverse client base.

investment, NVIDIA, holdings, technology, quarter