CVA Family Office LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 16.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,510 shares of the computer hardware maker’s stock after purchasing an additional 11,545 shares during the quarter. NVIDIA accounts for 1.8% of CVA Family Office LLC’s portfolio, making the stock its 10th largest position. CVA Family Office LLC’s holdings in NVIDIA were worth $13,036,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA during the 2nd quarter valued at $28,000. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth $51,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the second quarter valued at $55,000. Finally, Campbell Capital Management Inc. grew 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 purchasing an additional 590 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 $180.98 on Friday. The firm has a market capitalization of $4.40 trillion, a PE ratio of 51.56, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $186.44 and its 200 day simple moving average is $167.58.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on NVDA shares. Evercore ISI set a $352.00 price target on NVIDIA and gave the stock an “outperform” rating in a research note on Thursday. HSBC set a $320.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein lifted their target price on shares of NVIDIA from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday. Susquehanna increased their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $256.21.
Get Our Latest Research Report on NVIDIA
Insider Buying and Selling
In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the transaction, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the sale, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last ninety days. 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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