Foundations Investment Advisors LLC Raises Position in NVIDIA Corporation $NVDA

Foundations Investment Advisors LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 21.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 715,071 shares of the computer hardware maker’s stock after buying an additional 125,525 shares during the period. NVIDIA accounts for approximately 1.4% of Foundations Investment Advisors LLC’s portfolio, making the stock its 13th largest position. Foundations Investment Advisors LLC’s holdings in NVIDIA were worth $77,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC lifted its holdings in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock worth $134,877,735,000 after buying an additional 6,665,252 shares during the period. Geode Capital Management LLC increased its stake in shares of NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp grew its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Monday, August 4th. The shares were 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 of the company’s stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Friday, August 15th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 0.1%

NASDAQ:NVDA opened at $181.60 on Thursday. 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. The company has a market cap of $4.43 trillion, a PE ratio of 58.58, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The company has a 50 day simple moving average of $169.53 and a two-hundred day simple moving average of $138.41.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Mizuho upped their price target on NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Wells Fargo & Company upped their price target on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Raymond James Financial upped their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. Finally, Stifel Nicolaus upped their price target on NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a research note on Monday. Four 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.31.

About NVIDIA

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.