open_in_newOriginal article
Mycio Wealth Partners LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Mycio Wealth Partners LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

  • 17.03.2025 00:00
  • etfdailynews.com
  • Keywords: NVIDIA

Mycio Wealth Partners LLC reduced its NVIDIA stake by 5.6%, selling 160 shares, while other hedge funds increased their holdings. Analysts have set a "Moderate Buy" rating with an average price target of $171.51, as the stock trades up 5.3% at $121.67.

Amazon ReportsNVDAsentiment_neutral

Estimated market influence

Mycio Wealth Partners LLC

Negativesentiment_dissatisfied
Analyst rating: N/A

Reduced their stake in NVIDIA by 5.6% and sold 160 shares.

Geode Capital Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 2.2%, acquiring 11,525,969 shares worth $66,101,133,000.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 3.8%, acquiring 6,526,200 shares worth $21,908,236,000.

Charles Schwab Investment Management Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 1.4%, acquiring 2,042,348 shares worth $17,738,630,000.

Fisher Asset Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 3.5%, acquiring 3,283,380 shares worth $11,745,763,000.

Sumitomo Mitsui Trust Group Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 0.3%, acquiring 186,761 shares worth $8,542,944,000.

NVIDIA Co.

NVIDIA Co.

Neutralsentiment_neutral
Analyst rating: Strong buy

Various changes in stake by different investors; overall ownership by hedge funds and institutional investors is 65.27%.

Context

Analysis of Mycio Wealth Partners LLC Trimming Stake in NVIDIA Co. (NASDAQ:NVDA)

Key Facts and Data Points

  • Mycio Wealth Partners' Position:

    • Reduced stake by 5.6% in the fourth quarter.
    • Sold 160 shares, ending with 2,720 shares.
    • Total holdings worth $365,000 at the end of Q4.

  • Other Hedge Fund Activity:

    • Geode Capital Management LLC: Increased position by 2.2%, now owning 546,079,492 shares ($66,101,133,000).
    • UBS AM (a unit of UBS ASSET MANAGEMENT AMERICAS LLC): Increased position by 3.8%, now owning 180,403,789 shares ($21,908,236,000).
    • Charles Schwab Investment Management Inc.: Increased position by 1.4%, now owning 146,069,090 shares ($17,738,630,000).
    • Fisher Asset Management LLC: Increased position by 3.5%, now owning 96,720,707 shares ($11,745,763,000).
    • Sumitomo Mitsui Trust Group Inc.: Increased position by 0.3%, now owning 63,615,639 shares ($8,542,944,000).

  • Total Institutional Ownership: 65.27% of NVIDIA’s stock is owned by hedge funds and other institutional investors.

Analysts' Price Targets

  • Mizuho: Lowered target from $175 to $168 (still "Outperform").

  • Citigroup: Raised target from $170 to $175 ("Buy").

  • Phillip Securities: Reiterated "Accumulate" with a $160 target (up from $155).

  • Bank of America: Raised target from $190 to $200 ("Buy").

  • Deutsche Bank: Raised target from $115 to $140 ("Hold").

  • Average Rating: "Moderate Buy" with an average price target of $171.51.

Insider Activity

  • Director: Sold 2,663 shares at an average price of $110, reducing ownership by 13.35%.

  • EVP: Sold 36,462 shares at an average price of $151.10, reducing ownership by 0.93%.

  • Total Insider Ownership: 4.23% of the company’s stock.

NVIDIA Stock Performance

  • Recent Price Movement: Opened at $121.67, up 5.3%.
  • Moving Averages: 50-day MA: $129.26; 200-day MA: $131.23.
  • 52-Week Range: Low: $75.61; High: $153.13.
  • Market Cap: $2.97 trillion.
  • P/E Ratio: 47.88; PEG Ratio: 1.76; Beta: 1.77.

Financial Highlights

  • Q4 Earnings (February 26, 2025):

    • EPS: $0.89 vs. consensus estimate of $0.84.
    • Revenue: $39.33 billion vs. expectation of $38.16 billion.
    • Net Margin: 55.69%; Return on Equity (ROE): 114.83%.

  • Dividend Announcement:

    • Quarterly dividend of $0.01 per share, paid on April 2, 2025.
    • Record date: March 12, 2025; ex-div date: March 12, 2025.
    • Payout Ratio: 1.36%.

Market and Industry Implications

  • Strong Institutional Demand: Despite Mycio’s reduction, other major investors like Geode Capital, UBS AM, and Charles Schwab have increased their stakes, signaling confidence in NVIDIA’s long-term growth potential.
  • Analyst Sentiment: The "Moderate Buy" rating and upward revisions to price targets reflect a generally positive outlook for the company.
  • Competitive Dynamics: NVIDIA remains a dominant player in the GPU market, with strong positions in gaming, data centers, AI, and automotive technologies. However, competition from AMD and Intel could impact its margins over time.
  • Strategic Considerations: The company’s focus on AI and generative AI solutions aligns with broader industry trends, positioning it for sustained growth in high-growth markets.

Long-Term Effects and Regulatory Impacts

  • Growth Opportunities: NVIDIA’s expansion into AI, metaverse technologies, and autonomous vehicles positions it as a key beneficiary of long-term tech adoption trends.
  • Regulatory Risks: Potential regulatory scrutiny of semiconductor pricing or antitrust concerns could pose risks to its business model. However, the company’s diversified revenue streams provide some insulation.

Conclusion

Mycio Wealth Partners’ decision to trim its stake in NVIDIA appears to be an isolated move, as other major investors have increased their positions. The overall market sentiment remains positive, with analysts and institutions signaling confidence in NVIDIA’s ability to maintain its leadership in critical tech markets. While insider sales could raise some concerns, the company’s strong financial performance, dividend yield, and strategic focus on AI-driven growth suggest continued upward momentum.