Holistic Planning LLC Has $1.45 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Holistic Planning LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,337 shares of the computer hardware maker’s stock after acquiring an additional 275 shares during the quarter. Holistic Planning LLC’s holdings in NVIDIA were worth $1,445,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a report on Wednesday. Truist Financial boosted their price objective on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Morgan Stanley restated an “overweight” rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.22.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction 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 transaction, the director owned 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,964,800 shares of company stock worth $734,906,003. 4.17% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $172.41 on Friday. The firm has a market cap of $4.21 trillion, a P/E ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The business’s 50 day moving average price is $146.99 and its 200-day moving average price is $129.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during 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%. NVIDIA’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid 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 presently 1.29%.

About NVIDIA

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.