Landaas & Co. WI ADV Increases Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Landaas & Co. WI ADV grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,273 shares of the computer hardware maker’s stock after buying an additional 443 shares during the period. Landaas & Co. WI ADV’s holdings in NVIDIA were worth $788,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Copia Wealth Management bought a new stake in NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the period. LSV Asset Management purchased a new stake in shares of NVIDIA in the 4th quarter worth $54,000. Finally, Delos Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after buying an additional 283 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the sale, the chief executive officer owned 73,223,225 shares of the company’s stock, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,687,440 shares of company stock valued at $862,095,782. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $182.06 on Tuesday. The firm has a 50-day moving average of $160.71 and a 200-day moving average of $133.89. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.88. The company has a market cap of $4.44 trillion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 firm 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 earned $0.61 EPS. The business’s revenue was up 69.2% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. 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 dividend payout ratio (DPR) is currently 1.29%.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. BNP Paribas upgraded NVIDIA to a “hold” rating in a research note on Friday, August 1st. Jefferies Financial Group upped their target price on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Bank of America increased their target price on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.75.

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.