DHK Financial Advisors Inc. Has $815,000 Stake in NVIDIA Corporation (NASDAQ:NVDA)

DHK Financial Advisors Inc. trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,524 shares of the computer hardware maker’s stock after selling 501 shares during the period. DHK Financial Advisors Inc.’s holdings in NVIDIA were worth $815,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter worth $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the fourth quarter worth $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 completion of the sale, the director now owns 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 2,540,845 shares of company stock valued at $357,983,449. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NVDA shares. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Bank of America upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Morgan Stanley restated an “overweight” rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Wedbush restated 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, four have issued a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.05.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $145.48 on Thursday. The stock has a fifty day simple moving average of $124.96 and a two-hundred day simple moving average of $126.62. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $153.13. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business earned $0.61 earnings per share. NVIDIA’s revenue was up 69.2% on a year-over-year basis. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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 paid 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 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.