Lifelong Wealth Advisors Inc. Grows Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Lifelong Wealth Advisors Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,529 shares of the computer hardware maker’s stock after purchasing an additional 126 shares during the period. Lifelong Wealth Advisors Inc.’s holdings in NVIDIA were worth $382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC lifted its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Barclays raised their target price on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Truist Financial lifted their target price on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Oppenheimer lifted their target price on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Mizuho set a $192.00 target price on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.22.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. The trade was a 0.92% 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, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,814,800 shares of company stock worth $709,172,753 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $173.00 on Friday. 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 $174.16. The firm has a market capitalization of $4.22 trillion, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The company’s 50-day moving average is $145.88 and its 200 day moving average is $129.63.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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