Clay Northam Wealth Management LLC Grows Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Clay Northam Wealth Management LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 4.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 32,101 shares of the computer hardware maker’s stock after purchasing an additional 1,341 shares during the period. NVIDIA comprises 2.4% of Clay Northam Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Clay Northam Wealth Management LLC’s holdings in NVIDIA were worth $3,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NVIDIA during the 4th quarter valued at approximately $43,515,504,000. GAMMA Investing LLC increased its holdings in shares of NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NVDA shares. The Goldman Sachs Group began coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a “buy” rating and a $185.00 price target on the stock. DA Davidson raised their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. Needham & Company LLC raised their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. One investment 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 issued a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $181.22.

Insider Activity

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction on Monday, July 14th. The stock was 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 owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $172.52, for a total value of $12,939,000.00. Following the completion of the transaction, the chief executive officer owned 74,348,225 shares of the company’s stock, valued at approximately $12,826,555,777. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,964,800 shares of company stock valued at $734,906,003. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $171.38 on Tuesday. The company’s fifty day moving average price is $146.99 and its 200 day moving average price is $129.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $4.18 trillion, a P/E ratio of 55.28, a P/E/G ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.25.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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