NVIDIA Co. (NASDAQ:NVDA) Holdings Increased by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,532 shares of the computer hardware maker’s stock after acquiring an additional 6,813 shares during the period. NVIDIA makes up approximately 1.1% of Belpointe Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Belpointe Asset Management LLC’s holdings in NVIDIA were worth $21,258,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. David J Yvars Group lifted its position in shares of NVIDIA by 1.5% in the first quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after purchasing an additional 168 shares in the last quarter. Telos Capital Management Inc. boosted its stake in shares of NVIDIA by 48.1% during the 1st quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock valued at $1,267,000 after buying an additional 1,482 shares during the period. Personal Capital Advisors Corp grew its holdings in shares of NVIDIA by 29.9% during the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after acquiring an additional 143,483 shares in the last quarter. Alta Wealth Advisors LLC increased its stake in shares of NVIDIA by 14.9% in the first quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock worth $1,847,000 after acquiring an additional 863 shares during the last quarter. Finally, Inscription Capital LLC raised its holdings in shares of NVIDIA by 1.3% during the first quarter. Inscription Capital LLC now owns 9,643 shares of the computer hardware maker’s stock worth $2,679,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 78,602 shares of NVIDIA stock in a transaction on Friday, June 16th. The stock was sold at an average price of $430.50, for a total transaction of $33,838,161.00. Following the completion of the sale, the director now directly owns 1,092,286 shares of the company’s stock, valued at $470,229,123. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the transaction, the director now directly owns 1,052,286 shares of the company’s stock, valued at $454,650,689.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 78,602 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $430.50, for a total transaction of $33,838,161.00. Following the completion of the sale, the director now owns 1,092,286 shares of the company’s stock, valued at approximately $470,229,123. The disclosure for this sale can be found here. In the last 90 days, insiders sold 234,429 shares of company stock worth $105,368,143. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several research reports. Jefferies Financial Group upped their target price on NVIDIA from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Morgan Stanley increased their price objective on NVIDIA from $500.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Benchmark lifted their target price on shares of NVIDIA from $475.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Phillip Securities upgraded shares of NVIDIA from an “accumulate” rating to a “buy” rating in a research note on Monday, August 28th. Finally, KeyCorp raised their price target on shares of NVIDIA from $550.00 to $620.00 and gave the company an “overweight” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.70.

NVIDIA Stock Down 0.9 %

NASDAQ NVDA opened at $451.78 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $502.66. The stock has a market capitalization of $1.12 trillion, a P/E ratio of 109.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.74. The stock has a fifty day moving average of $453.14 and a 200-day moving average of $360.75.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.62. The firm had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The company’s quarterly revenue was up 101.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. On average, equities research analysts forecast that NVIDIA Co. will post 9.24 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, September 6th. NVIDIA’s dividend payout ratio is presently 3.86%.

NVIDIA Profile

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.