Cliftonlarsonallen Wealth Advisors LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 62,878 shares of the computer hardware maker’s stock after selling 15,024 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in NVIDIA were worth $9,934,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Kathleen S. Wright Associates Inc. grew 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 in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased 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. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. increased 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. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Price Performance
Shares of NVDA opened at $183.22 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The stock has a market cap of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.32 and a beta of 2.12. The business’s fifty day moving average is $179.40 and its 200 day moving average is $153.27. 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 Dividend Announcement
The company 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. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on NVDA shares. New Street Research upped their price objective on NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, Mizuho upped their price objective on NVIDIA from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $222.23.
Check Out Our Latest Analysis on NVDA
Insiders Place Their Bets
In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares of the company’s stock, valued at approximately $12,731,013,075.03. This trade represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 3,753,937 shares of company stock valued at $667,769,026. Company insiders own 4.17% of the company’s stock.
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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