Frederick Financial Consultants LLC Grows Position in NVIDIA Corporation (NASDAQ:NVDA)

Frederick Financial Consultants LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 18.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,706 shares of the computer hardware maker’s stock after buying an additional 3,119 shares during the quarter. NVIDIA comprises about 1.5% of Frederick Financial Consultants LLC’s portfolio, making the stock its 17th biggest holding. Frederick Financial Consultants LLC’s holdings in NVIDIA were worth $2,136,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter worth $50,000. LSV Asset Management purchased a new position in shares of NVIDIA during the 4th quarter worth $54,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% during the 1st 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 during the period. Finally, Delos Wealth Advisors LLC grew its holdings in shares of NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.8%

NASDAQ:NVDA opened at $181.62 on Thursday. The firm has a market cap of $4.43 trillion, a P/E ratio of 58.59, a PEG ratio of 1.61 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $162.34 and its 200-day simple moving average is $134.56. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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). 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 analysts’ expectations of $43.09 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current 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 given a dividend of $0.01 per share. 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 presently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on 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 directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.38, for a total value of $13,603,500.00. Following the sale, the chief executive officer owned 72,998,225 shares in the company, valued at approximately $13,240,418,050.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,837,440 shares of company stock worth $889,404,782. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. Mizuho set a $192.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Tuesday, July 15th. BNP Paribas upgraded NVIDIA to a “hold” rating in a report on Friday, August 1st. Bank of America raised their target price on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group began coverage on NVIDIA in a report on Thursday, July 10th. They set a “buy” rating and a $185.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $185.97.

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.