Foundry Partners LLC Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

Foundry Partners LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,950 shares of the computer hardware maker’s stock after acquiring an additional 410 shares during the quarter. Foundry Partners LLC’s holdings in NVIDIA were worth $970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Csenge Advisory Group lifted its holdings in shares of NVIDIA by 1.1% in the 1st quarter. Csenge Advisory Group now owns 131,718 shares of the computer hardware maker’s stock valued at $13,368,000 after buying an additional 1,460 shares during the period. St. Louis Trust Co acquired a new position in shares of NVIDIA in the 1st quarter valued at about $434,000. ARQ Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 6.1% in the 1st quarter. ARQ Wealth Advisors LLC now owns 19,693 shares of the computer hardware maker’s stock valued at $2,135,000 after buying an additional 1,140 shares during the period. Formidable Asset Management LLC lifted its holdings in shares of NVIDIA by 0.6% in the 1st quarter. Formidable Asset Management LLC now owns 144,872 shares of the computer hardware maker’s stock valued at $15,701,000 after buying an additional 819 shares during the period. Finally, Willner & Heller LLC lifted its holdings in shares of NVIDIA by 0.7% in the 1st quarter. Willner & Heller LLC now owns 42,186 shares of the computer hardware maker’s stock valued at $4,572,000 after buying an additional 301 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Oppenheimer lifted their price target on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Mizuho lifted their price target on NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an “overweight” rating in a research note on Wednesday. BNP Paribas upgraded NVIDIA to a “hold” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company boosted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. One investment 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $186.33.

NVIDIA Trading Down 0.9%

NVDA stock opened at $180.45 on Friday. The company has a market capitalization of $4.40 trillion, a PE ratio of 58.21, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company’s 50 day moving average price is $163.96 and its two-hundred day moving average price is $135.36. 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 issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued 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 payout ratio is 1.29%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $3,561,200.00. Following the transaction, the chief financial officer owned 153,060 shares in the company, valued at $27,253,863.60. The trade was a 11.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 72,998,225 shares of the company’s stock, valued at approximately $13,240,418,050.50. This trade 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 5,837,440 shares of company stock worth $889,404,782. Company insiders own 4.17% of the company’s stock.

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.