Tempus Wealth Planning LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,721 shares of the computer hardware maker’s stock after buying an additional 110 shares during the period. NVIDIA makes up 2.6% of Tempus Wealth Planning LLC’s holdings, making the stock its 2nd biggest holding. Tempus Wealth Planning LLC’s holdings in NVIDIA were worth $8,857,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter valued at about $50,000. LSV Asset Management bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $54,000. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC lifted its stake 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 worth $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Trading Up 1.7%
Shares of NASDAQ NVDA opened at $177.99 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The stock has a market cap of $4.34 trillion, a P/E ratio of 57.42, a price-to-earnings-growth ratio of 1.54 and a beta of 2.14. The firm has a 50-day moving average of $167.35 and a 200 day moving average of $137.31. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 1.29%.
Analyst Ratings Changes
Several research firms recently commented on NVDA. Jefferies Financial Group increased their target price on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Bank of America raised their price target on shares of NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. DA Davidson raised their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $192.44.
Get Our Latest Analysis on NVIDIA
Insider Buying and Selling at NVIDIA
In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. 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.
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