Hummer Financial Advisory Services Inc Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Hummer Financial Advisory Services Inc grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,515 shares of the computer hardware maker’s stock after purchasing an additional 220 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in NVIDIA were worth $489,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA in the fourth quarter valued at $40,000. Copia Wealth Management purchased a new stake in NVIDIA in the fourth quarter valued at $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the sale, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. This trade represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Susquehanna restated a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Truist Financial upped their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Rosenblatt Securities upped their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.24.

NVIDIA Price Performance

NVDA opened at $145.00 on Friday. The company has a fifty day simple moving average of $121.86 and a 200 day simple moving average of $126.41. The firm has a market cap of $3.54 trillion, a price-to-earnings ratio of 57.06, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $153.13. 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 announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. Equities research analysts expect 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. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

About NVIDIA

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.