NVIDIA Corporation (NASDAQ:NVDA) is CWA Asset Management Group LLC’s 2nd Largest Position

CWA Asset Management Group LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,028,241 shares of the computer hardware maker’s stock after acquiring an additional 19,090 shares during the quarter. NVIDIA comprises 5.3% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 2nd largest holding. CWA Asset Management Group LLC’s holdings in NVIDIA were worth $111,441,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. SC&H Financial Advisors Inc. increased its stake in NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock worth $681,000 after purchasing an additional 80 shares during the period. DecisionPoint Financial LLC boosted its position in shares of NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock valued at $386,000 after purchasing an additional 80 shares in the last quarter. BCR Wealth Strategies LLC boosted its position in shares of NVIDIA by 3.1% during the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker’s stock valued at $391,000 after purchasing an additional 89 shares in the last quarter. Condor Capital Management boosted its position in shares of NVIDIA by 3.6% during the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after purchasing an additional 89 shares in the last quarter. Finally, Squire Investment Management Company LLC boosted its holdings in NVIDIA by 4.0% in the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker’s stock worth $317,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $159.28 on Friday. The firm has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a PEG 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. The business has a 50 day simple moving average of $136.38 and a 200-day simple moving average of $127.83. 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 (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.29%.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $157.53, for a total value of $11,814,750.00. Following the completion of the sale, the chief executive officer owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Analyst Ratings Changes

Several equities research analysts have commented on NVDA shares. Rosenblatt Securities boosted their target price on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Bank of America upped their price target on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $176.19.

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.