Three Bridge Wealth Advisors LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,430 shares of the computer hardware maker’s stock after acquiring an additional 810 shares during the quarter. NVIDIA comprises 0.8% of Three Bridge Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Three Bridge Wealth Advisors LLC’s holdings in NVIDIA were worth $2,431,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. High Note Wealth LLC boosted its stake in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock worth $1,937,000 after purchasing an additional 91 shares during the period. Kelly Financial Services LLC boosted its stake in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after purchasing an additional 94 shares during the period. Next Capital Management LLC boosted its stake in NVIDIA by 0.8% in the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker’s stock worth $1,364,000 after purchasing an additional 94 shares during the period. Mendel Capital Management LLC boosted its stake in NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock worth $1,287,000 after purchasing an additional 96 shares during the period. Finally, Affiance Financial LLC boosted its stake in NVIDIA by 0.7% in the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker’s stock worth $1,479,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
NVIDIA Price Performance
NVDA stock opened at $177.99 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a fifty day moving average price of $167.35 and a 200-day moving average price of $137.31. The company has a market capitalization of $4.34 trillion, a P/E ratio of 57.42, a PEG ratio of 1.54 and a beta of 2.14. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued 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 is 1.29%.
Analyst Ratings Changes
NVDA has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Truist Financial upped their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Citigroup reissued an “overweight” rating on shares of NVIDIA in a report on Monday. Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Finally, Oppenheimer raised their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Four investment 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 issued a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $192.44.
Check Out Our Latest Analysis on NVDA
Insider Activity at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was 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 approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. 4.17% of the stock is currently owned by corporate 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.
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