Lakeshore Financial Planning Inc. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 52.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,650 shares of the computer hardware maker’s stock after purchasing an additional 1,934 shares during the period. NVIDIA accounts for 0.4% of Lakeshore Financial Planning Inc.’s portfolio, making the stock its 24th largest position. Lakeshore Financial Planning Inc.’s holdings in NVIDIA were worth $893,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Brighton Jones LLC raised its stake in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after acquiring an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its stake in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC raised its stake in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of NVIDIA by 28.2% in the 4th quarter. Forum Financial Management LP now owns 189,998 shares of the computer hardware maker’s stock valued at $25,515,000 after acquiring an additional 41,757 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Trading Up 2.5%
Shares of NASDAQ:NVDA opened at $186.44 on Wednesday. The company has a 50 day moving average of $177.20 and a 200-day moving average of $146.90. The firm has a market cap of $4.53 trillion, a P/E ratio of 53.12, a P/E/G ratio of 1.32 and a beta of 2.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $187.35. 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 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 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.
Insider Buying and Selling at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the sale, the chief executive officer owned 74,648,225 shares of the company’s stock, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,022,407 shares of company stock worth $700,382,754. 4.17% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on NVDA. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Evercore ISI lifted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Barclays reaffirmed an “overweight” rating and set a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $211.00.
Read Our Latest Stock Report on NVDA
NVIDIA Company 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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