PFW Advisors LLC Has $2.75 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

PFW Advisors LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,406 shares of the computer hardware maker’s stock after buying an additional 428 shares during the quarter. NVIDIA comprises approximately 0.9% of PFW Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. PFW Advisors LLC’s holdings in NVIDIA were worth $2,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the 4th quarter valued at $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director now owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares of the company’s stock, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,469,685 shares of company stock valued at $349,669,962. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 1.1%

NASDAQ:NVDA opened at $143.83 on Friday. The firm has a 50-day moving average price of $126.37 and a two-hundred day moving average price of $126.56. 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 Corporation has a 52 week low of $86.62 and a 52 week high of $153.13. The firm has a market cap of $3.51 trillion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. 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 business posted $0.61 earnings per share. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. TD Cowen raised their target price on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.05.

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.