NVIDIA Corporation (NASDAQ:NVDA) is AGH Wealth Advisors LLC’s 8th Largest Position

AGH Wealth Advisors LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,818 shares of the computer hardware maker’s stock after selling 687 shares during the quarter. NVIDIA accounts for about 3.2% of AGH Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. AGH Wealth Advisors LLC’s holdings in NVIDIA were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.

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

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $144.12 on Wednesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $153.13. The stock has a market cap of $3.52 trillion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12. The business’s fifty day moving average price is $124.34 and its two-hundred day moving average price is $126.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. On average, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVDA. Susquehanna reiterated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $173.05.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 190,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the sale, the director now owns 8,855,848 shares of the company’s stock, valued at approximately $1,262,046,898.48. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,560,845 shares of company stock valued at $360,351,849. Company insiders own 4.17% of the company’s stock.

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.