American Financial Advisors LLC Grows Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

American Financial Advisors LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,270 shares of the computer hardware maker’s stock after buying an additional 1,537 shares during the quarter. American Financial Advisors LLC’s holdings in NVIDIA were worth $2,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cortland Associates Inc. MO increased its holdings in NVIDIA by 17.1% during the 1st quarter. Cortland Associates Inc. MO now owns 2,107 shares of the computer hardware maker’s stock valued at $228,000 after acquiring an additional 307 shares in the last quarter. Blue Square Asset Management LLC grew its holdings in NVIDIA by 26.3% in the 1st quarter. Blue Square Asset Management LLC now owns 62,110 shares of the computer hardware maker’s stock valued at $6,731,000 after buying an additional 12,941 shares during the period. Austin Wealth Management LLC grew its stake in shares of NVIDIA by 24.0% during the 1st quarter. Austin Wealth Management LLC now owns 19,102 shares of the computer hardware maker’s stock valued at $2,033,000 after buying an additional 3,699 shares during the period. Callahan Advisors LLC lifted its stake in shares of NVIDIA by 13.7% in the 1st quarter. Callahan Advisors LLC now owns 127,162 shares of the computer hardware maker’s stock valued at $13,782,000 after purchasing an additional 15,337 shares in the last quarter. Finally, Cromwell Holdings LLC raised its stake in shares of NVIDIA by 1.2% in the 1st quarter. Cromwell Holdings LLC now owns 69,344 shares of the computer hardware maker’s stock valued at $7,516,000 after acquiring an additional 826 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Truist Financial upped their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Citigroup raised their price target on NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, July 7th. Oppenheimer lifted their price target on NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $183.75.

NVIDIA Stock Up 0.7%

Shares of NASDAQ NVDA opened at $179.42 on Thursday. The stock has a market cap of $4.38 trillion, a P/E ratio of 57.88, a P/E/G ratio of 1.57 and a beta of 2.14. 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 firm has a 50 day moving average price of $158.02 and a 200 day moving average price of $133.22. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.30.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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 during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. Analysts expect 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. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.29%.

Insider Activity

In other news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the sale, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,537,440 shares of company stock valued at $835,035,782 in the last quarter. Corporate insiders own 4.17% of the company’s stock.

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.