BCR Wealth Strategies LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 10.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,227 shares of the computer hardware maker’s stock after buying an additional 308 shares during the quarter. NVIDIA comprises 0.2% of BCR Wealth Strategies LLC’s portfolio, making the stock its 21st biggest position. BCR Wealth Strategies LLC’s holdings in NVIDIA were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Up 0.6%
NVDA stock opened at $171.66 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.17 trillion, a PE ratio of 48.91, a PEG ratio of 1.24 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The business’s 50 day simple moving average is $172.55 and its 200 day simple moving average is $140.01.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.
Insider Buying and Selling
In other news, Director Dawn E. Hudson sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the sale, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,872,755 shares of company stock valued at $764,283,330. Corporate insiders own 4.17% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on NVDA. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Wedbush restated an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $207.69.
Get Our Latest Stock Report on NVDA
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.
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