Client 1ST Advisory Group LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,186 shares of the computer hardware maker’s stock after purchasing an additional 133 shares during the period. Client 1ST Advisory Group LLC’s holdings in NVIDIA were worth $887,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Alaethes Wealth LLC increased its position in shares of NVIDIA by 0.7% in the first quarter. Alaethes Wealth LLC now owns 78,200 shares of the computer hardware maker’s stock worth $8,476,000 after purchasing an additional 519 shares during the last quarter. SCS Capital Management LLC grew its position in NVIDIA by 130.4% during the first quarter. SCS Capital Management LLC now owns 177,996 shares of the computer hardware maker’s stock valued at $19,292,000 after acquiring an additional 100,739 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. DCM Advisors LLC grew its position in NVIDIA by 51.3% during the first quarter. DCM Advisors LLC now owns 21,888 shares of the computer hardware maker’s stock valued at $2,269,000 after acquiring an additional 7,425 shares during the last quarter. Finally, Woodline Partners LP grew its position in NVIDIA by 29.2% during the first quarter. Woodline Partners LP now owns 2,083,672 shares of the computer hardware maker’s stock valued at $225,828,000 after acquiring an additional 471,331 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $177.82 on Friday. The stock has a market cap of $4.32 trillion, a P/E ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The firm’s fifty day simple moving average is $174.42 and its 200 day simple moving average is $141.65. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.
Analysts Set New Price Targets
A number of brokerages have commented on NVDA. Loop Capital increased their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. KeyCorp restated an “overweight” rating and issued a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Robert W. Baird raised their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.83.
Read Our Latest Analysis on NVIDIA
Insider Buying and Selling at NVIDIA
In other NVIDIA 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 owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value 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 represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,907,755 shares of company stock valued at $633,253,430. 4.17% of the stock is currently owned by company insiders.
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.
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