HFG Wealth Management LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

HFG Wealth Management LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,007 shares of the computer hardware maker’s stock after acquiring an additional 327 shares during the period. HFG Wealth Management LLC’s holdings in NVIDIA were worth $218,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY lifted its stake in shares of NVIDIA by 4.4% during the first quarter. Burns J W & Co. Inc. NY now owns 128,419 shares of the computer hardware maker’s stock worth $13,918,000 after purchasing an additional 5,460 shares in the last quarter. Legacy Financial Strategies LLC lifted its stake in shares of NVIDIA by 11.1% during the first quarter. Legacy Financial Strategies LLC now owns 47,328 shares of the computer hardware maker’s stock worth $5,129,000 after purchasing an additional 4,714 shares in the last quarter. Doliver Advisors LP lifted its stake in shares of NVIDIA by 2.0% during the first quarter. Doliver Advisors LP now owns 42,742 shares of the computer hardware maker’s stock worth $4,632,000 after purchasing an additional 828 shares in the last quarter. Retirement Wealth Solutions LLC lifted its stake in shares of NVIDIA by 82.6% during the first quarter. Retirement Wealth Solutions LLC now owns 4,091 shares of the computer hardware maker’s stock worth $443,000 after purchasing an additional 1,850 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its stake in shares of NVIDIA by 19.1% during the first quarter. S.E.E.D. Planning Group LLC now owns 2,983 shares of the computer hardware maker’s stock worth $323,000 after purchasing an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director now directly owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,255,320 shares of company stock valued at $172,680,419 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Rosenblatt Securities boosted their price target on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $171.66.

NVIDIA Stock Up 0.6%

NASDAQ:NVDA opened at $142.63 on Tuesday. The firm has a market capitalization of $3.48 trillion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock has a 50 day moving average of $119.10 and a 200-day moving average of $126.11. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

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.