WealthCare Investment Partners LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,217 shares of the computer hardware maker’s stock after purchasing an additional 2,277 shares during the quarter. WealthCare Investment Partners LLC’s holdings in NVIDIA were worth $1,309,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. increased its holdings in 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 purchasing an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC raised its position in 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 during the last quarter. Finally, Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Trading Up 0.2%
NVDA opened at $176.67 on Friday. The company has a market cap of $4.29 trillion, a P/E ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10. 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’s 50 day moving average is $175.73 and its 200-day moving average is $143.62. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.
NVIDIA Announces Dividend
The company 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 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
Analyst Ratings Changes
NVDA has been the topic of a number of recent research reports. KeyCorp reiterated an “overweight” rating and issued a $230.00 price objective (up from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research note on Friday. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Craig Hallum boosted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.47.
View Our Latest Stock Analysis on NVDA
Insider Transactions at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the transaction, the chief executive officer directly owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen C. Neal sold 28,000 shares of NVIDIA stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $177.58, for a total value of $4,972,240.00. Following the transaction, the director directly owned 143,410 shares in the company, valued at $25,466,747.80. The trade was a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,020,022 shares of company stock valued at $677,418,500. 4.17% of the stock is currently owned by company insiders.
About NVIDIA
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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