DHJJ Financial Advisors Ltd. Increases Stake in NVIDIA Corporation (NASDAQ:NVDA)

DHJJ Financial Advisors Ltd. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 109.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 712 shares of the computer hardware maker’s stock after purchasing an additional 372 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in NVIDIA were worth $77,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Prosperity Wealth Management Inc. boosted its holdings in shares of NVIDIA by 0.4% during the 1st quarter. Prosperity Wealth Management Inc. now owns 37,790 shares of the computer hardware maker’s stock worth $4,096,000 after purchasing an additional 144 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its position in NVIDIA by 23.8% during the first quarter. Birch Hill Investment Advisors LLC now owns 49,946 shares of the computer hardware maker’s stock worth $5,413,000 after buying an additional 9,596 shares in the last quarter. Boomfish Wealth Group LLC lifted its position in NVIDIA by 4.9% during the first quarter. Boomfish Wealth Group LLC now owns 30,678 shares of the computer hardware maker’s stock worth $3,325,000 after buying an additional 1,423 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its stake in NVIDIA by 11.3% during the first quarter. Tennessee Valley Asset Management Partners now owns 27,596 shares of the computer hardware maker’s stock worth $2,991,000 after buying an additional 2,801 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co grew its holdings in NVIDIA by 70.9% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 270,000 shares of the computer hardware maker’s stock valued at $29,263,000 after buying an additional 112,000 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Mizuho raised their price target on shares of NVIDIA from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.19.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVDA stock opened at $159.28 on Friday. The business’s 50-day moving average is $136.38 and its two-hundred day moving average is $127.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $3.89 trillion, a P/E ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s quarterly 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 fiscal year.

NVIDIA Announces Dividend

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

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.