NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Twin Peaks Wealth Advisors LLC

Twin Peaks Wealth Advisors LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 38,797 shares of the computer hardware maker’s stock after purchasing an additional 286 shares during the period. NVIDIA makes up approximately 2.0% of Twin Peaks Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding. Twin Peaks Wealth Advisors LLC’s holdings in NVIDIA were worth $4,353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $2,272,000. BTC Capital Management Inc. grew its position in shares of NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock valued at $35,785,000 after acquiring an additional 7,476 shares during the period. Capital Performance Advisors LLP grew its position in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC grew its position in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock valued at $3,240,000 after acquiring an additional 297 shares during the period. Finally, Strategy Asset Managers LLC grew its position in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock valued at $7,024,000 after acquiring an additional 405 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 50,980 shares of NVIDIA stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $156.92, for a total value of $7,999,781.60. Following the completion of the sale, the director now owns 1,679,361 shares in the company, valued at approximately $263,525,328.12. This trade represents a 2.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the completion of the sale, the chief executive officer now owns 75,723,225 shares of the company’s stock, valued at $10,923,832,438.50. This trade represents a 0.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,792,267 shares of company stock worth $544,823,117. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.8%

Shares of NASDAQ NVDA opened at $157.75 on Friday. The company has a 50 day simple moving average of $130.96 and a 200-day simple moving average of $127.05. The company has a market capitalization of $3.85 trillion, a P/E ratio of 50.89, a P/E/G ratio of 1.37 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $158.71.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Monday, June 16th. Raymond James Financial raised their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Truist Financial raised their target price on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Bank of America lifted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.78.

NVIDIA 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.