Kieckhefer Group LLC Has $52.12 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Kieckhefer Group LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480,923 shares of the computer hardware maker’s stock after selling 7,631 shares during the quarter. NVIDIA comprises 37.7% of Kieckhefer Group LLC’s portfolio, making the stock its largest holding. Kieckhefer Group LLC’s holdings in NVIDIA were worth $52,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Mizuho set a $192.00 target price on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday, July 15th. TD Cowen upped their target price on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Oppenheimer upped their target price on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Bank of America increased their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $181.22.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,114,800 shares of company stock worth $760,553,003 over the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.7%

Shares of NVIDIA stock opened at $173.74 on Friday. The business’s 50 day simple moving average is $150.19 and its 200 day simple moving average is $130.70. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $174.25. The firm 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. 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 announced its earnings results 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 firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend 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.