Alpha Financial Partners LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,857 shares of the computer hardware maker’s stock after buying an additional 734 shares during the quarter. NVIDIA comprises approximately 0.7% of Alpha Financial Partners LLC’s investment portfolio, making the stock its 25th largest holding. Alpha Financial Partners LLC’s holdings in NVIDIA were worth $925,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Kathleen S. Wright Associates Inc. raised its stake 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 buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the second quarter worth about $55,000. Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after acquiring an additional 590 shares during the period. Finally, Westend Capital Management LLC grew its holdings in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after acquiring an additional 145 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Up 2.2%
Shares of NASDAQ NVDA opened at $206.88 on Tuesday. The firm has a market cap of $5.03 trillion, a price-to-earnings ratio of 58.94, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company’s 50-day simple moving average is $182.38 and its 200-day simple moving average is $160.79. 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend 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 several recent research reports. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Benchmark lifted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Loop Capital raised their target price on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $233.25.
Read Our Latest Stock Report on NVDA
Insider Activity at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 27,640 shares of NVIDIA 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 of the company’s stock, valued at $518,092,342.04. The trade was a 0.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,578,937 shares of company stock valued at $641,069,346 over the last quarter. 4.17% of the stock is owned by company insiders.
NVIDIA 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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