NVIDIA Corporation (NASDAQ:NVDA) Stock Holdings Boosted by Investments & Financial Planning LLC

Investments & Financial Planning LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,037 shares of the computer hardware maker’s stock after purchasing an additional 1,005 shares during the period. NVIDIA makes up approximately 1.7% of Investments & Financial Planning LLC’s portfolio, making the stock its 10th biggest holding. Investments & Financial Planning LLC’s holdings in NVIDIA were worth $2,605,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. raised its stake in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group increased its stake in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC increased its stake in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC increased its stake in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its stake in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after buying an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 48,792 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,650 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the sale, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock worth $800,141,003 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 3.6%

NASDAQ NVDA opened at $180.00 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company’s 50 day simple moving average is $156.27 and its 200 day simple moving average is $132.58. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The company has a market capitalization of $4.39 trillion, a P/E ratio of 58.06, a PEG ratio of 1.53 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last released 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.03.

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.