Taylor Financial Group Inc. grew its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,916 shares of the computer hardware maker’s stock after buying an additional 564 shares during the period. Taylor Financial Group Inc.’s holdings in NVIDIA were worth $641,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. High Note Wealth LLC increased its position in shares of NVIDIA by 0.5% in 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 acquiring an additional 91 shares during the last quarter. Kelly Financial Services LLC increased its position 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 worth $513,000 after buying an additional 94 shares during the last quarter. Next Capital Management LLC increased its position 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 worth $1,364,000 after buying an additional 94 shares during the last quarter. Mendel Capital Management LLC boosted its holdings in shares of NVIDIA by 0.8% during the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock worth $1,287,000 after acquiring an additional 96 shares during the period. Finally, Affiance Financial LLC boosted its holdings in shares of NVIDIA by 0.7% during the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker’s stock worth $1,479,000 after acquiring an additional 97 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Up 0.8%
NASDAQ NVDA opened at $168.31 on Tuesday. The business has a fifty day moving average price of $172.94 and a two-hundred day moving average price of $140.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a market capitalization of $4.09 trillion, a PE ratio of 47.95, a PEG ratio of 1.21 and a beta of 2.10.
NVIDIA Dividend Announcement
The business also recently declared 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. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.
Insider Transactions at NVIDIA
In related news, EVP Ajay K. Puri sold 168,195 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,832,755 shares of company stock worth $619,935,680. Corporate insiders own 4.17% of the company’s stock.
Analyst Upgrades and Downgrades
NVDA has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their price objective on NVIDIA from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Wells Fargo & Company boosted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Jefferies Financial Group boosted their price objective on NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. UBS Group boosted their price objective on NVIDIA from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, TD Cowen boosted their price target on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.42.
View Our Latest Report on NVIDIA
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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