Creative Financial Designs Inc. ADV Boosts Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Creative Financial Designs Inc. ADV lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 54,963 shares of the computer hardware maker’s stock after acquiring an additional 3,391 shares during the period. Creative Financial Designs Inc. ADV’s holdings in NVIDIA were worth $5,957,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC boosted its stake 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 valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on NVDA. Jefferies Financial Group boosted their price target on NVIDIA from $185.00 to $200.00 in a research report on Wednesday. DA Davidson upped their price objective on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Citigroup increased their price target on NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Rosenblatt Securities boosted their target price on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.22.

NVIDIA Stock Performance

Shares of NVDA opened at $173.00 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.22 trillion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The company’s 50 day simple moving average is $145.88 and its 200-day simple moving average is $129.63. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.16.

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 the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is 1.29%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 27,650 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the transaction, the chief financial officer owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the transaction, the director owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,814,800 shares of company stock valued at $709,172,753. Corporate insiders own 4.17% of the company’s stock.

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.