NVIDIA Corporation $NVDA is Viawealth LLC’s Largest Position

Viawealth LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 59,956 shares of the computer hardware maker’s stock after buying an additional 244 shares during the period. NVIDIA accounts for approximately 4.0% of Viawealth LLC’s holdings, making the stock its biggest position. Viawealth LLC’s holdings in NVIDIA were worth $6,498,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. High Note Wealth LLC lifted its stake in NVIDIA by 0.5% in the first 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 last quarter. Kelly Financial Services LLC lifted its stake in NVIDIA by 2.0% in the first 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 last quarter. Next Capital Management LLC lifted its stake in NVIDIA by 0.8% in the first 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 last quarter. Mendel Capital Management LLC lifted its stake in NVIDIA by 0.8% in the first 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 last quarter. Finally, Affiance Financial LLC lifted its stake in NVIDIA by 0.7% in the first 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 last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NVDA shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Monday, August 18th. Barclays raised their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. Oppenheimer raised their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $194.31.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $181.60 on Thursday. The firm 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 company’s 50 day moving average is $169.53 and its 200 day moving average is $138.41. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.