Hartmann Taylor Wealth Management LLC Invests $1.10 Million in NVIDIA Corporation (NASDAQ:NVDA)

Hartmann Taylor Wealth Management LLC bought a new position in NVIDIA Corporation (NASDAQ:NVDA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,133 shares of the computer hardware maker’s stock, valued at approximately $1,098,000. NVIDIA accounts for 1.0% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 24th largest holding.

Several other institutional investors have also modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter valued at approximately $50,000. LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC raised its stake in 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 buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $172.41 on Monday. 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 one year low of $86.62 and a one year high of $174.25. The stock has a market cap of $4.21 trillion, a PE ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. The firm has a 50 day simple moving average of $146.99 and a two-hundred day simple moving average of $129.81.

NVIDIA (NASDAQ:NVDA) last announced 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 during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period last year, the company posted $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVDA. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group began coverage on NVIDIA in a research report on Thursday, July 10th. They set a “buy” rating and a $185.00 price target on the stock. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Needham & Company LLC increased their price target on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.22.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the company’s 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 directly owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,650 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold 4,964,800 shares of company stock valued at $734,906,003 in the last quarter. Company insiders own 4.17% of the company’s stock.

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.