Kingswood Wealth Advisors LLC Has $133.94 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Kingswood Wealth Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 243.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,220,279 shares of the computer hardware maker’s stock after purchasing an additional 865,068 shares during the quarter. NVIDIA makes up approximately 5.1% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Kingswood Wealth Advisors LLC’s holdings in NVIDIA were worth $133,942,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares in the last quarter. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the fourth quarter valued at about $2,272,000. Finally, BTC Capital Management Inc. increased its holdings in shares of NVIDIA by 2.3% during the first 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 in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $159.28 on Friday. The company’s fifty day moving average price is $136.38 and its 200 day moving average price is $127.83. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98. The stock 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. 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 released 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. NVIDIA’s revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts anticipate 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 was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NVDA. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Mizuho increased 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. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.19.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Company insiders own 4.17% of the company’s stock.

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.