Copperwynd Financial LLC Has $4.96 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Copperwynd Financial LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,795 shares of the computer hardware maker’s stock after acquiring an additional 1,537 shares during the period. NVIDIA accounts for 1.4% of Copperwynd Financial LLC’s investment portfolio, making the stock its 13th biggest holding. Copperwynd Financial LLC’s holdings in NVIDIA were worth $4,963,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NVDA. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $50,000. LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter worth $54,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, Delos Wealth Advisors LLC raised its holdings in shares of NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 directly owned 72,998,225 shares of the company’s stock, valued at $13,240,418,050.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,837,440 shares of company stock valued at $889,404,782 over the last ninety days. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Needham & Company LLC lifted their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Morgan Stanley lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.33.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $180.45 on Friday. The stock’s 50-day moving average is $163.96 and its two-hundred day moving average is $135.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a market cap of $4.40 trillion, a price-to-earnings ratio of 58.21, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 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 analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company’s revenue was up 69.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed 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 of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 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.