Hilltop Wealth Advisors LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 25.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,337 shares of the computer hardware maker’s stock after purchasing an additional 1,665 shares during the period. NVIDIA accounts for about 0.7% of Hilltop Wealth Advisors LLC’s portfolio, making the stock its 24th largest position. Hilltop Wealth Advisors LLC’s holdings in NVIDIA were worth $1,317,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after buying an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Stock Up 0.3%
Shares of NVIDIA stock opened at $178.19 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business’s 50 day simple moving average is $176.60 and its 200 day simple moving average is $146.20. The firm has a market cap of $4.33 trillion, a PE ratio of 50.77, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on NVDA shares. DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Wolfe Research raised their target price on NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Bank of America raised their target price on NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Oppenheimer restated an “outperform” rating and set a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Four equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.82.
View Our Latest Research Report on NVIDIA
Insiders Place Their Bets
In related news, Director Persis Drell sold 40,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. The trade was a 22.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $177.60, for a total value of $13,320,000.00. Following the completion of the transaction, the chief executive officer directly owned 71,458,203 shares of the company’s stock, valued at $12,690,976,852.80. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,050,558 shares of company stock worth $701,164,609 over the last three months. 4.17% of the stock is currently owned by corporate 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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