BigSur Wealth Management LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,857 shares of the computer hardware maker’s stock after buying an additional 924 shares during the period. NVIDIA makes up approximately 3.6% of BigSur Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. BigSur Wealth Management LLC’s holdings in NVIDIA were worth $14,197,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. boosted its stake in shares of 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 buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the period. Finally, Luken Investment Analytics LLC boosted its stake in shares of NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after buying an additional 321 shares during the period. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Down 1.1%
Shares of NVDA opened at $185.54 on Tuesday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. The stock has a market capitalization of $4.51 trillion, a price-to-earnings ratio of 52.86, a PEG ratio of 1.36 and a beta of 2.12. 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 stock has a fifty day moving average of $178.29 and a 200-day moving average of $149.05.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.
Insider Buying and Selling
In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction 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 completion of the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00. Following the completion of the sale, the chief executive officer owned 71,083,203 shares of the company’s stock, valued at $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,921,593 shares of company stock valued at $686,502,137. Company insiders own 4.17% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on NVDA shares. JPMorgan Chase & Co. restated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. New Street Research upped their target price on NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $211.26.
Get Our Latest Analysis 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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