Quantum Financial Advisors LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,826 shares of the computer hardware maker’s stock after acquiring an additional 3,563 shares during the period. NVIDIA accounts for approximately 0.8% of Quantum Financial Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Quantum Financial Advisors LLC’s holdings in NVIDIA were worth $5,660,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. raised its position in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after acquiring an additional 864 shares in the last quarter. Centerpoint Advisory Group raised its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC raised its position in shares of 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 acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC raised its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc raised its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after acquiring an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Trading Up 2.1%
Shares of NVDA stock opened at $181.85 on Tuesday. The business’s 50 day moving average is $176.81 and its two-hundred day moving average is $146.62. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The company has a market capitalization of $4.42 trillion, a P/E ratio of 51.81, a price-to-earnings-growth ratio of 1.29 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 business also recently announced 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 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
Insider Buying and Selling at NVIDIA
In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $166.00, for a total value of $12,450,000.00. Following the completion of the sale, the chief executive officer owned 74,723,225 shares in the company, valued at approximately $12,404,055,350. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,148,818 shares of company stock worth $720,112,070. 4.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their target price on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Citigroup cut their price target on NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Wolfe Research lifted their price target on NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research 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 assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $210.21.
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.
Featured Stories
- Five stocks we like better than NVIDIA
- What Are Dividend Champions? How to Invest in the Champions
- Tesla Earnings Loom: Bulls Eye $600, Bears Warn of $300
- Canada Bond Market Holiday: How to Invest and Trade
- Cathie Wood Buys Alibaba and Baidu: Momentum or More Value Ahead?
- What is a SEC Filing?
- This ETF Weeds Out Small-Cap Underperformers
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.