Colonial Trust Advisors grew its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 214,166 shares of the computer hardware maker’s stock after buying an additional 3,250 shares during the period. NVIDIA makes up 2.1% of Colonial Trust Advisors’ portfolio, making the stock its 9th largest position. Colonial Trust Advisors’ holdings in NVIDIA were worth $23,211,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group lifted its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC increased its holdings in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC raised its stake in shares of NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc lifted its holdings in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Stock Performance
Shares of NASDAQ NVDA opened at $177.33 on Thursday. 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 company has a market capitalization of $4.31 trillion, a P/E ratio of 50.52, a P/E/G ratio of 1.24 and a beta of 2.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a 50 day moving average of $173.69 and a 200-day moving average of $140.91.
NVIDIA Dividend Announcement
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.
Insider Activity
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the sale, the chief executive officer owned 72,398,366 shares in the company, valued at $12,286,726,693.86. The trade was a 0.10% 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, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the transaction, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,832,755 shares of company stock valued at $619,935,680 in the last ninety days. 4.17% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Raymond James Financial lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Morgan Stanley lifted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Evercore ISI lifted their price objective on shares of NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Wedbush reiterated an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, Rosenblatt Securities lifted their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $207.42.
Get Our Latest Research 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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