Investment Planning Advisors Inc. Has $257,000 Stake in NVIDIA Corporation (NASDAQ:NVDA)

Investment Planning Advisors Inc. increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 23.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,370 shares of the computer hardware maker’s stock after purchasing an additional 452 shares during the period. Investment Planning Advisors Inc.’s holdings in NVIDIA were worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.03.

Insider Activity

In other news, Director A Brooke Seawell sold 49,131 shares of the business’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares of the company’s stock, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock valued at $660,253,045 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 0.5%

NASDAQ NVDA opened at $164.07 on Tuesday. The firm has a market cap of $4.00 trillion, a PE ratio of 52.93, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $167.89. The stock’s 50 day simple moving average is $142.53 and its 200 day simple moving average is $128.80. 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 released its quarterly 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). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is presently 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.