Higgins & Schmidt Wealth Strategies LLC Boosts Stake in NVIDIA Corporation (NASDAQ:NVDA)

Higgins & Schmidt Wealth Strategies LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,281 shares of the computer hardware maker’s stock after purchasing an additional 227 shares during the quarter. Higgins & Schmidt Wealth Strategies LLC’s holdings in NVIDIA were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the fourth quarter valued at $38,000. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter valued at $50,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter valued at $54,000. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,865,667,634.25. This trade represents a 0.10% 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 the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,044,919 shares of company stock valued at $584,414,209. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Finally, HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $176.19.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $159.28 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $3.89 trillion, a PE ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13. The business has a 50-day simple moving average of $136.38 and a two-hundred day simple moving average of $127.81. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during 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%. NVIDIA’s revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.