Key Client Fiduciary Advisors LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,573 shares of the computer hardware maker’s stock after acquiring an additional 1,922 shares during the period. NVIDIA comprises 2.6% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 8th biggest holding. Key Client Fiduciary Advisors LLC’s holdings in NVIDIA were worth $6,410,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Burkett Financial Services LLC grew its holdings in shares of NVIDIA by 1.3% during the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 70 shares during the last quarter. Elevate Wealth Advisory Inc. grew its holdings in shares of NVIDIA by 1.7% during the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker’s stock worth $500,000 after purchasing an additional 77 shares during the last quarter. Ehrlich Financial Group grew its holdings in shares of NVIDIA by 2.4% during the second quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker’s stock worth $530,000 after purchasing an additional 80 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of NVIDIA by 0.7% during the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker’s stock worth $1,228,000 after purchasing an additional 81 shares during the last quarter. Finally, Retirement Wealth Solutions LLC grew its holdings in shares of NVIDIA by 2.0% during the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker’s stock worth $659,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Trading Up 0.2%
Shares of NVIDIA stock opened at $176.67 on Monday. The stock has a fifty day simple moving average of $175.73 and a 200 day simple moving average of $143.85. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market capitalization of $4.29 trillion, a P/E ratio of 50.33, a price-to-earnings-growth 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.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio is 1.14%.
Wall Street Analysts Forecast Growth
NVDA has been the topic of several research reports. Truist Financial boosted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Stifel Nicolaus lifted their price objective on NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Robert W. Baird lifted their price objective on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. BNP Paribas raised NVIDIA to a “hold” rating in a research note on Friday, August 1st. Finally, New Street Research lifted their price objective on NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $208.47.
View Our Latest Stock Report on NVIDIA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $156.39, for a total value of $11,729,250.00. Following the completion of the transaction, the chief executive officer owned 75,173,225 shares of the company’s stock, valued at $11,756,340,657.75. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,914,341 shares of company stock worth $662,228,310 in the last quarter. 4.17% of the stock is currently owned by company insiders.
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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