Physician Wealth Advisors Inc. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,684 shares of the computer hardware maker’s stock after buying an additional 1,770 shares during the period. NVIDIA comprises approximately 1.2% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 25th biggest position. Physician Wealth Advisors Inc.’s holdings in NVIDIA were worth $7,534,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of NVDA. Kingstone Capital Partners Texas LLC boosted its position in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. Nuveen LLC purchased a new position in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the period. GAMMA Investing LLC boosted its position in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
NVIDIA Stock Performance
Shares of NVDA stock opened at $181.85 on Tuesday. The business’s fifty day simple moving average is $176.81 and its 200-day simple moving average is $146.62. The company has a market cap of $4.42 trillion, a PE ratio of 51.81, a PEG 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 Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.
NVIDIA Announces Dividend
The business also recently declared 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. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.
Insider Activity at NVIDIA
In related news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the transaction, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 40,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the transaction, the director owned 138,740 shares of the company’s stock, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,148,818 shares of company stock worth $720,112,070 in the last three months. Company insiders own 4.17% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on NVDA. DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and boosted their target price for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. Evercore ISI boosted their price target on NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Wells Fargo & Company boosted their price target on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Finally, Craig Hallum boosted their price target on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $210.21.
Check Out Our Latest Analysis 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.
See Also
- Five stocks we like better than NVIDIA
- How to Invest in the FAANG Stocks
- Tesla Earnings Loom: Bulls Eye $600, Bears Warn of $300
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Cathie Wood Buys Alibaba and Baidu: Momentum or More Value Ahead?
- How to Plot Fibonacci Price Inflection Levels
- This ETF Weeds Out Small-Cap Underperformers
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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.