Willner & Heller LLC Has $4.57 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Willner & Heller LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,186 shares of the computer hardware maker’s stock after buying an additional 301 shares during the period. NVIDIA comprises approximately 4.2% of Willner & Heller LLC’s investment portfolio, making the stock its biggest holding. Willner & Heller LLC’s holdings in NVIDIA were worth $4,572,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Allegiance Financial Group Advisory Services LLC grew its holdings in shares of NVIDIA by 27.6% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 7,236 shares of the computer hardware maker’s stock valued at $784,000 after buying an additional 1,565 shares during the last quarter. Nwam LLC boosted its stake in shares of NVIDIA by 1.2% during the 1st quarter. Nwam LLC now owns 257,191 shares of the computer hardware maker’s stock worth $27,874,000 after acquiring an additional 2,984 shares in the last quarter. FLC Capital Advisors boosted its stake in shares of NVIDIA by 15.8% during the 1st quarter. FLC Capital Advisors now owns 28,408 shares of the computer hardware maker’s stock worth $3,079,000 after acquiring an additional 3,871 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in shares of NVIDIA during the 1st quarter worth about $211,000. Finally, Pictet Asset Management Holding SA raised its position in shares of NVIDIA by 3.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 23,388,807 shares of the computer hardware maker’s stock worth $2,535,106,000 after purchasing an additional 752,176 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Oppenheimer increased 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. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America lifted their price objective on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group started coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a “buy” rating and a $185.00 target price on the stock. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $186.33.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA 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 completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $3,561,200.00. Following the completion of the sale, the chief financial officer directly owned 153,060 shares of the company’s stock, valued at approximately $27,253,863.60. The trade was a 11.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,837,440 shares of company stock valued at $889,404,782. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $180.45 on Friday. 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 Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a market cap of $4.40 trillion, a price-to-earnings ratio of 58.21, a PEG ratio of 1.60 and a beta of 2.14. The business’s fifty day moving average is $163.96 and its 200 day moving average is $135.36.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 69.2% compared to the same quarter last year. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm 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. The ex-dividend date of this dividend 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 presently 1.29%.

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.