Olistico Wealth LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,000 shares of the computer hardware maker’s stock after purchasing an additional 1,145 shares during the quarter. NVIDIA makes up approximately 3.8% of Olistico Wealth LLC’s portfolio, making the stock its 7th biggest position. Olistico Wealth LLC’s holdings in NVIDIA were worth $6,794,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in NVDA. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the second quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. lifted its stake in 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 last quarter. Westend Capital Management LLC lifted its stake in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the first quarter valued at approximately $51,000. Finally, Campbell Capital Management Inc. lifted 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 buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
NVIDIA Trading Up 1.0%
Shares of NVDA stock opened at $182.16 on Friday. The business’s fifty day moving average price is $179.35 and its 200 day moving average price is $155.20. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The firm has a market capitalization of $4.43 trillion, a PE ratio of 51.90, a P/E/G ratio of 1.30 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. 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 payout ratio is presently 1.14%.
Wall Street Analysts Forecast Growth
NVDA has been the topic of a number of recent research reports. HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 15th. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Truist Financial boosted their target price on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a report on Wednesday. Five analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $222.23.
Get Our Latest Report on NVIDIA
Insiders Place Their Bets
In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the sale, the chief executive officer owned 69,958,203 shares in the company, valued at approximately $12,586,180,301.73. 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 quarter, insiders have sold 3,801,577 shares of company stock worth $678,643,875. 4.17% of the stock is owned by company insiders.
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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