High Net Worth Advisory Group LLC Increases Position in NVIDIA Co. (NASDAQ:NVDA)

High Net Worth Advisory Group LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,245 shares of the computer hardware maker’s stock after purchasing an additional 573 shares during the period. NVIDIA accounts for about 3.4% of High Net Worth Advisory Group LLC’s portfolio, making the stock its 6th biggest position. High Net Worth Advisory Group LLC’s holdings in NVIDIA were worth $11,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter worth approximately $40,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth approximately $50,000. Finally, LSV Asset Management bought a new position in NVIDIA in the fourth quarter worth approximately $54,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $145.00 on Friday. The company has a market capitalization of $3.54 trillion, a P/E ratio of 57.06, 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 $153.13. 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 business has a fifty day simple moving average of $121.86 and a two-hundred day simple moving average of $126.41.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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). The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Mizuho raised their target price on NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, May 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Raymond James raised their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Finally, Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $172.24.

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.