Schrum Private Wealth Management LLC Has $618,000 Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Schrum Private Wealth Management LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 26.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,702 shares of the computer hardware maker’s stock after purchasing an additional 1,180 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in NVIDIA were worth $618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. increased its position in NVIDIA by 15.1% during the 1st quarter. Bridgewater Advisors Inc. now owns 141,315 shares of the computer hardware maker’s stock valued at $15,406,000 after purchasing an additional 18,541 shares during the period. Tectonic Advisors LLC grew its position in shares of NVIDIA by 66.9% during the 1st quarter. Tectonic Advisors LLC now owns 2,574 shares of the computer hardware maker’s stock worth $279,000 after buying an additional 1,032 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of NVIDIA by 1.8% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 261,458 shares of the computer hardware maker’s stock worth $28,337,000 after buying an additional 4,628 shares during the period. Concord Asset Management LLC VA grew its position in shares of NVIDIA by 5.7% during the 1st quarter. Concord Asset Management LLC VA now owns 95,872 shares of the computer hardware maker’s stock worth $9,847,000 after buying an additional 5,136 shares during the period. Finally, Grange Capital LLC grew its position in shares of NVIDIA by 10.5% during the 1st quarter. Grange Capital LLC now owns 27,764 shares of the computer hardware maker’s stock worth $3,009,000 after buying an additional 2,633 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVDA. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. DA Davidson raised their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Morgan Stanley raised their price objective 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. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, Oppenheimer raised their price objective on shares of NVIDIA from $175.00 to $200.00 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 issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.75.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total value of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated 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 transaction, the chief financial officer directly owned 2,956,876 shares of the company’s stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,687,440 shares of company stock worth $862,095,782 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 0.6%

Shares of NVIDIA 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’s 50-day simple moving average is $161.55 and its 200 day simple moving average is $134.24. The stock has a market capitalization of $4.47 trillion, a P/E 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.

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 firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The company’s revenue was up 69.2% on a year-over-year basis. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.