PDS Planning Inc Boosts Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

PDS Planning Inc grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,475 shares of the computer hardware maker’s stock after buying an additional 11,309 shares during the period. NVIDIA accounts for 1.4% of PDS Planning Inc’s portfolio, making the stock its 17th biggest holding. PDS Planning Inc’s holdings in NVIDIA were worth $16,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Motiv8 Investments LLC lifted its position in shares of NVIDIA by 4.8% during the 1st quarter. Motiv8 Investments LLC now owns 8,870 shares of the computer hardware maker’s stock valued at $961,000 after buying an additional 406 shares in the last quarter. Kraft Davis & Associates LLC lifted its holdings in NVIDIA by 25.3% in the 1st quarter. Kraft Davis & Associates LLC now owns 34,684 shares of the computer hardware maker’s stock worth $3,759,000 after purchasing an additional 6,996 shares in the last quarter. MFG Wealth Management Inc. lifted its holdings in NVIDIA by 3.0% in the 1st quarter. MFG Wealth Management Inc. now owns 30,456 shares of the computer hardware maker’s stock worth $3,301,000 after purchasing an additional 894 shares in the last quarter. Beech Hill Advisors Inc. lifted its holdings in NVIDIA by 184.0% in the 1st quarter. Beech Hill Advisors Inc. now owns 31,567 shares of the computer hardware maker’s stock worth $3,421,000 after purchasing an additional 20,450 shares in the last quarter. Finally, GenTrust LLC raised its holdings in shares of NVIDIA by 146.9% during the 1st quarter. GenTrust LLC now owns 235,320 shares of the computer hardware maker’s stock worth $25,588,000 after acquiring an additional 140,022 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA stock opened at $172.41 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The stock’s 50-day moving average is $146.99 and its 200 day moving average is $129.90. The company has a market cap of $4.21 trillion, a P/E ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13. 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 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business earned $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts predict 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. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00. Following the completion of the sale, the chief executive officer directly owned 74,348,225 shares in the company, valued at approximately $12,826,555,777. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction dated 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 sale, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,964,800 shares of company stock valued at $734,906,003 over the last quarter. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVDA. Citigroup upped their price objective on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Oppenheimer boosted their target price on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.22.

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.