RFP Financial Group LLC Has $800,000 Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

RFP Financial Group LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,379 shares of the computer hardware maker’s stock after selling 150 shares during the quarter. RFP Financial Group LLC’s holdings in NVIDIA were worth $800,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NVDA. Bernardo Wealth Planning LLC increased its position in NVIDIA by 10.6% during the first quarter. Bernardo Wealth Planning LLC now owns 9,564 shares of the computer hardware maker’s stock worth $1,037,000 after acquiring an additional 918 shares during the period. Canton Hathaway LLC increased its holdings in NVIDIA by 248.6% in the 1st quarter. Canton Hathaway LLC now owns 32,313 shares of the computer hardware maker’s stock valued at $3,502,000 after buying an additional 23,043 shares during the period. Register Financial Advisors LLC boosted its stake in shares of NVIDIA by 2.2% in the 1st quarter. Register Financial Advisors LLC now owns 13,987 shares of the computer hardware maker’s stock valued at $1,516,000 after purchasing an additional 295 shares in the last quarter. Cobblestone Asset Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at $205,000. Finally, Woodmont Investment Counsel LLC lifted its position in NVIDIA by 10.0% during the 1st quarter. Woodmont Investment Counsel LLC now owns 18,959 shares of the computer hardware maker’s stock worth $2,055,000 after buying an additional 1,716 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Bank of America upped their price target on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. Finally, Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.47.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $162.88 on Thursday. 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 $164.42. The stock’s 50 day simple moving average is $139.47 and its two-hundred day simple moving average is $128.43. The company has a market cap of $3.97 trillion, a price-to-earnings ratio of 52.54, a PEG ratio of 1.42 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the transaction, the chief executive officer directly owned 75,023,225 shares of the company’s stock, valued at approximately $11,879,927,678.75. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 50,514 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of the transaction, the director directly owned 1,974,784 shares in the company, valued at $312,746,542.08. This represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,296,844 shares of company stock valued at $624,019,677 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.