KPP Advisory Services LLC Boosts Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

KPP Advisory Services LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 68.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,732 shares of the computer hardware maker’s stock after buying an additional 29,620 shares during the period. NVIDIA accounts for approximately 1.5% of KPP Advisory Services LLC’s portfolio, making the stock its 15th largest holding. KPP Advisory Services LLC’s holdings in NVIDIA were worth $7,883,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Condor Capital Management grew its stake in NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after acquiring an additional 89 shares in the last quarter. Kelly Financial Services LLC increased its stake in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after acquiring an additional 94 shares during the period. Macroview Investment Management LLC grew its position in NVIDIA by 2.9% during the fourth quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker’s stock valued at $461,000 after buying an additional 96 shares during the period. Foundry Financial Group Inc. lifted its holdings in NVIDIA by 2.2% during the fourth quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after purchasing an additional 96 shares in the last quarter. Finally, Wallace Hart LLC lifted its stake in shares of NVIDIA by 3.9% in the fourth quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock worth $349,000 after buying an additional 97 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $173.00 on Friday. The stock has a 50-day moving average price of $145.88 and a 200-day moving average price of $129.63. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.16. 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 stock has a market capitalization of $4.22 trillion, a P/E ratio of 55.81, a PEG ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVDA. Piper Sandler reiterated an “overweight” rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Oppenheimer increased their price target on shares of NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday. Finally, Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. One investment 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.22.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director owned 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,814,800 shares of company stock worth $709,172,753. 4.17% of the stock is currently owned by corporate insiders.

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.