Presilium Private Wealth LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,825 shares of the computer hardware maker’s stock after buying an additional 498 shares during the quarter. Presilium Private Wealth LLC’s holdings in NVIDIA were worth $604,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its position in shares of NVIDIA by 267,959.7% in the second 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 purchasing an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 103,889,872 shares in the last quarter. Nuveen LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $15,089,414,000. Finally, Amundi raised its stake 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 acquiring an additional 18,733,431 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $198.69 on Wednesday. The stock has a market cap of $4.83 trillion, a P/E ratio of 56.61, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. The firm’s fifty day simple moving average is $182.72 and its 200 day simple moving average is $161.48. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. 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 business also recently declared 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 was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Analyst Ratings Changes
Several research analysts have commented on NVDA shares. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Loop Capital lifted their price target on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday. Rosenblatt Securities lifted their price target on shares of NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. Melius Research set a $300.00 price target on shares of NVIDIA in a research note on Wednesday, October 29th. Finally, Needham & Company LLC lifted their price target on shares of NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $233.75.
Read Our Latest Analysis on NVIDIA
Insider Buying and Selling at NVIDIA
In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $5,014,448.80. Following the transaction, the chief financial officer directly owned 2,855,762 shares of the company’s stock, valued at $518,092,342.04. This represents a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,503,937 shares of company stock worth $627,687,846. 4.17% of the stock is currently 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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