Nottingham Advisors Inc. Purchases 144 Shares of NVIDIA Corporation $NVDA

Nottingham Advisors Inc. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,044 shares of the computer hardware maker’s stock after purchasing an additional 144 shares during the quarter. Nottingham Advisors Inc.’s holdings in NVIDIA were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new position in NVIDIA during the 1st quarter valued at $433,000. PTM Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter valued at $295,000. Foundations Investment Advisors LLC increased its position in NVIDIA by 21.3% during the 1st quarter. Foundations Investment Advisors LLC now owns 715,071 shares of the computer hardware maker’s stock valued at $77,499,000 after purchasing an additional 125,525 shares during the period. KFA Private Wealth Group LLC increased its position in NVIDIA by 7.7% during the 1st quarter. KFA Private Wealth Group LLC now owns 19,213 shares of the computer hardware maker’s stock valued at $2,082,000 after purchasing an additional 1,373 shares during the period. Finally, Graham Capital Wealth Management LLC increased its position in NVIDIA by 33.5% during the 1st quarter. Graham Capital Wealth Management LLC now owns 2,538 shares of the computer hardware maker’s stock valued at $275,000 after purchasing an additional 637 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value 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 trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $181.60 on Thursday. The stock has a market cap of $4.43 trillion, a price-to-earnings ratio of 58.58, a PEG ratio of 1.59 and a beta of 2.14. The firm’s 50-day moving average is $169.53 and its 200 day moving average is $138.41. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVDA. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC boosted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.