Greater Midwest Financial Group LLC Increases Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Greater Midwest Financial Group LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 442.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,768 shares of the computer hardware maker’s stock after buying an additional 16,940 shares during the quarter. NVIDIA makes up approximately 1.6% of Greater Midwest Financial Group LLC’s investment portfolio, making the stock its 18th biggest holding. Greater Midwest Financial Group LLC’s holdings in NVIDIA were worth $2,251,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $38,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at approximately $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 5,537,440 shares of company stock valued at $835,035,782 over the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 0.7%

NVDA stock opened at $179.42 on Thursday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30. 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’s fifty day moving average is $158.02 and its 200 day moving average is $133.22. The firm has a market cap of $4.38 trillion, a PE ratio of 57.88, a P/E/G ratio of 1.57 and a beta of 2.14.

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). 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 analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 earnings per share. NVIDIA’s revenue was up 69.2% on a year-over-year basis. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVDA. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Barclays boosted their price target on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Finally, Jefferies Financial Group lifted their target price on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.75.

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.