Wealth Dimensions Group Ltd. Has $5.36 Million Position in NVIDIA Corporation $NVDA

Wealth Dimensions Group Ltd. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,476 shares of the computer hardware maker’s stock after acquiring an additional 1,472 shares during the period. NVIDIA accounts for approximately 1.3% of Wealth Dimensions Group Ltd.’s investment portfolio, making the stock its 18th biggest holding. Wealth Dimensions Group Ltd.’s holdings in NVIDIA were worth $5,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at about $50,000. LSV Asset Management bought a new position in NVIDIA in the 4th quarter valued at about $54,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, Delos Wealth Advisors LLC lifted its position in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock valued at $66,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $182.01 on Tuesday. The company has a market cap of $4.44 trillion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The company has a 50-day moving average price of $164.75 and a 200-day moving average price of $135.95. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company posted $0.61 earnings per share. The business’s revenue was up 69.2% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company 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 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares of the company’s stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,912,440 shares of company stock worth $902,886,782. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Jefferies Financial Group raised their price target on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Benchmark restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Monday. Finally, Morgan Stanley restated an “overweight” rating and set a $206.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Monday. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.61.

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.