Waller Financial Planning Group Inc. Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Waller Financial Planning Group Inc. lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 29.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,200 shares of the computer hardware maker’s stock after purchasing an additional 1,176 shares during the quarter. Waller Financial Planning Group Inc.’s holdings in NVIDIA were worth $564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter valued at $40,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the 4th quarter worth $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Mizuho boosted their price objective on NVIDIA from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, May 29th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley restated an “overweight” rating and set a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.66.

NVIDIA Trading Up 1.2%

Shares of NVDA stock opened at $141.72 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $3.46 trillion, a PE ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The business’s fifty day moving average price is $118.45 and its 200 day moving average price is $126.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.29%.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,255,320 shares of company stock worth $172,680,419 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.