ORG Wealth Partners LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,301 shares of the computer hardware maker’s stock after purchasing an additional 3,542 shares during the period. NVIDIA comprises about 2.1% of ORG Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest position. ORG Wealth Partners LLC’s holdings in NVIDIA were worth $7,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% during the 1st 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 in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter worth about $51,000. Bruce G. Allen Investments LLC raised 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 worth $53,000 after acquiring an additional 327 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the second quarter worth about $55,000. Finally, Campbell Capital Management Inc. boosted its stake in 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 acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Trading Up 1.8%
Shares of NVIDIA stock opened at $192.57 on Friday. The company has a market capitalization of $4.68 trillion, a price-to-earnings ratio of 54.86, a PEG ratio of 1.37 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 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 $195.30. The firm’s 50-day moving average price is $178.97 and its two-hundred day moving average price is $150.06.
NVIDIA Dividend Announcement
The firm 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 (DPR) is 1.14%.
Insider Activity at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,775,379 shares of company stock worth $665,883,171 in the last quarter. 4.17% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Daiwa Capital Markets raised their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Wolfe Research upped their price target on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Benchmark upped their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.84.
View Our Latest Analysis on NVIDIA
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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