NVIDIA Corporation $NVDA Stock Holdings Raised by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 7.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 19,213 shares of the computer hardware maker’s stock after purchasing an additional 1,373 shares during the period. NVIDIA accounts for approximately 0.7% of KFA Private Wealth Group LLC’s holdings, making the stock its 25th biggest holding. KFA Private Wealth Group LLC’s holdings in NVIDIA were worth $2,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. High Note Wealth LLC lifted its stake in NVIDIA by 0.5% during the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $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% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after purchasing an additional 94 shares during the last quarter. Next Capital Management LLC lifted its stake in NVIDIA by 0.8% during the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker’s stock valued at $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% during the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock valued at $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% during the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker’s stock valued at $1,479,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction 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 owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on 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 transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,912,440 shares of company stock worth $902,886,782. Company insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVDA. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. DA Davidson boosted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Benchmark restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. Finally, Needham & Company LLC boosted their price target 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.31.

NVIDIA Stock Down 0.1%

NVIDIA stock opened at $181.60 on Thursday. The firm has a market cap of $4.43 trillion, a PE ratio of 58.58, a P/E/G ratio of 1.59 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. The firm’s 50 day moving average price is $169.53 and its two-hundred day moving average price is $138.41. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.