Schwarz Dygos Wheeler Investment Advisors LLC Increases Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,180 shares of the computer hardware maker’s stock after purchasing an additional 430 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in NVIDIA were worth $1,754,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC lifted its stake 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 buying an additional 327 shares during the period. LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Finally, Delos Wealth Advisors LLC lifted its stake in shares of NVIDIA by 134.8% during the fourth 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. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $182.06 on Tuesday. The firm has a market capitalization of $4.44 trillion, a PE ratio of 58.73, a PEG ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.88. The firm’s 50-day moving average price is $160.71 and its 200 day moving average price is $133.89. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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). The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business’s revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,687,440 shares of company stock valued at $862,095,782. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NVDA shares. Jefferies Financial Group lifted their price objective on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. DA Davidson lifted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Loop Capital boosted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Finally, Morgan Stanley boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $183.75.

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.