Astoria Portfolio Advisors LLC. Purchases 864 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Astoria Portfolio Advisors LLC. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,568 shares of the computer hardware maker’s stock after acquiring an additional 864 shares during the quarter. NVIDIA makes up approximately 3.3% of Astoria Portfolio Advisors LLC.’s holdings, making the stock its 5th biggest holding. Astoria Portfolio Advisors LLC.’s holdings in NVIDIA were worth $9,610,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVDA. Centerpoint Advisory Group grew its stake in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC grew its stake in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC grew its stake in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Financial Perspectives Inc grew its stake in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after buying an additional 1,265 shares during the period. Finally, Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter valued at $2,272,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the transaction, the chief financial officer owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the completion of the transaction, the chief executive officer owned 74,123,225 shares of the company’s stock, valued at approximately $12,566,851,566.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,114,800 shares of company stock valued at $760,553,003 in the last quarter. Insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $173.74 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The firm has a 50-day simple moving average of $150.19 and a 200 day simple moving average of $130.70. The company has a market cap of $4.24 trillion, a PE ratio of 56.05, a P/E/G ratio of 1.50 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last announced 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 business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. NVIDIA’s quarterly revenue was up 69.2% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm 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 dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio is presently 1.29%.

Analyst Ratings Changes

Several research firms recently weighed in on NVDA. Needham & Company LLC lifted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Jefferies Financial Group lifted their target price on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Finally, Wedbush restated an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.22.

NVIDIA Company 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.