Peterson Wealth Services Has $15.97 Million Stock Holdings in NVIDIA Corporation $NVDA

Peterson Wealth Services cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,333 shares of the computer hardware maker’s stock after selling 11,378 shares during the quarter. NVIDIA accounts for about 4.9% of Peterson Wealth Services’ holdings, making the stock its 3rd biggest holding. Peterson Wealth Services’ holdings in NVIDIA were worth $15,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. 4WEALTH Advisors Inc. lifted its position in NVIDIA by 14.5% during the first quarter. 4WEALTH Advisors Inc. now owns 19,768 shares of the computer hardware maker’s stock valued at $2,143,000 after purchasing an additional 2,502 shares during the last quarter. Aire Advisors LLC lifted its holdings in shares of NVIDIA by 3.3% in the 1st quarter. Aire Advisors LLC now owns 58,790 shares of the computer hardware maker’s stock worth $6,372,000 after acquiring an additional 1,852 shares during the last quarter. Summit Wealth & Retirement Planning Inc. lifted its holdings in shares of NVIDIA by 7.6% in the 1st quarter. Summit Wealth & Retirement Planning Inc. now owns 10,994 shares of the computer hardware maker’s stock worth $1,192,000 after acquiring an additional 772 shares during the last quarter. RD Lewis Holdings Inc. lifted its holdings in shares of NVIDIA by 5.2% in the 1st quarter. RD Lewis Holdings Inc. now owns 19,447 shares of the computer hardware maker’s stock worth $2,227,000 after acquiring an additional 970 shares during the last quarter. Finally, Chancellor Financial Group WB LP lifted its holdings in shares of NVIDIA by 10.3% in the 1st quarter. Chancellor Financial Group WB LP now owns 32,559 shares of the computer hardware maker’s stock worth $3,529,000 after acquiring an additional 3,028 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NVDA opened at $180.45 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $4.40 trillion, a P/E ratio of 58.21, a P/E/G ratio of 1.59 and a beta of 2.14. The company’s 50-day simple moving average is $163.96 and its two-hundred day simple moving average is $135.52. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NVDA shares. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Needham & Company LLC upped their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Mizuho upped their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday. One research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.33.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,837,440 shares of company stock worth $889,404,782 over the last quarter. 4.17% of the stock is currently owned by insiders.

NVIDIA Company 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.