NVIDIA Corporation (NASDAQ:NVDA) Stake Raised by Private Wealth Management Group LLC

Private Wealth Management Group LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,143 shares of the computer hardware maker’s stock after buying an additional 380 shares during the period. Private Wealth Management Group LLC’s holdings in NVIDIA were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Capital A Wealth Management LLC lifted its stake in NVIDIA by 4.0% during the first quarter. Capital A Wealth Management LLC now owns 9,489 shares of the computer hardware maker’s stock valued at $1,028,000 after buying an additional 363 shares in the last quarter. BIP Wealth LLC lifted its stake in NVIDIA by 7.7% during the first quarter. BIP Wealth LLC now owns 27,475 shares of the computer hardware maker’s stock valued at $2,978,000 after buying an additional 1,954 shares in the last quarter. Schrum Private Wealth Management LLC lifted its stake in NVIDIA by 26.1% during the first quarter. Schrum Private Wealth Management LLC now owns 5,702 shares of the computer hardware maker’s stock valued at $618,000 after buying an additional 1,180 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in shares of NVIDIA by 15.1% in the first quarter. Bridgewater Advisors Inc. now owns 141,315 shares of the computer hardware maker’s stock worth $15,406,000 after purchasing an additional 18,541 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in shares of NVIDIA by 66.9% in the first quarter. Tectonic Advisors LLC now owns 2,574 shares of the computer hardware maker’s stock worth $279,000 after purchasing an additional 1,032 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Barclays increased their price target 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. Morgan Stanley increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Finally, Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.75.

NVIDIA Trading Up 0.6%

Shares of NVDA stock opened at $183.16 on Wednesday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The stock has a market cap of $4.47 trillion, a price-to-earnings ratio of 59.08, a P/E/G ratio of 1.60 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 fifty day moving average of $161.55 and a 200-day moving average of $134.24.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

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

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.