CarsonAllaria Wealth Management Ltd. boosted its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,882 shares of the computer hardware maker’s stock after purchasing an additional 125 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in NVIDIA were worth $771,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. increased its position in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Amundi increased its position in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of NVIDIA during the first quarter worth $1,163,288,000. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Price Performance
Shares of NVDA opened at $202.76 on Friday. The business’s 50-day moving average is $181.35 and its two-hundred day moving average is $158.70. The company has a market capitalization of $4.93 trillion, a P/E ratio of 57.77, a P/E/G ratio of 1.49 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. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
Insider Buying and Selling at NVIDIA
In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $190.73, for a total value of $4,768,250.00. Following the sale, the chief executive officer owned 69,783,203 shares in the company, valued at $13,309,750,308.19. This trade represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,676,577 shares of company stock worth $657,716,375. 4.17% of the stock is owned by company insiders.
Analysts Set New Price Targets
NVDA has been the topic of several recent analyst reports. BNP Paribas raised NVIDIA to a “hold” rating in a research report on Friday, August 1st. The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a report on Monday, October 6th. DA Davidson set a $250.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a report on Wednesday. S&P Equity Research restated a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Finally, Mizuho set a $235.00 price target on shares of NVIDIA in a research note on Wednesday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average target price of $229.38.
View Our Latest Research Report on NVIDIA
About NVIDIA
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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