Fullcircle Wealth LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 24.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,495 shares of the computer hardware maker’s stock after buying an additional 679 shares during the period. Fullcircle Wealth LLC’s holdings in NVIDIA were worth $552,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Center for Financial Planning Inc. lifted its stake in NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after purchasing an additional 367 shares during the last quarter. Atria Investments Inc lifted its stake in shares of NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after acquiring an additional 29,479 shares during the last quarter. Fielder Capital Group LLC lifted its stake in shares of NVIDIA by 9.7% during the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after acquiring an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp boosted its holdings in NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC grew its position in NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after acquiring an additional 3,542 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Trading Up 1.6%
NVDA opened at $179.92 on Tuesday. 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 has a market cap of $4.37 trillion, a price-to-earnings ratio of 51.26, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock has a fifty day moving average price of $186.82 and a 200-day moving average price of $171.03.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a dividend of $0.01 per share. 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 is presently 0.99%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Robert W. Baird set a $275.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday, November 20th. UBS Group reissued a “buy” rating and issued a $235.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. BNP Paribas Exane raised their target price on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Arete lifted their price target on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of “Buy” and an average price target of $258.65.
Get Our Latest Analysis on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director John Dabiri sold 626 shares of NVIDIA stock in a transaction on Monday, November 24th. The shares were sold at an average price of $179.42, for a total value of $112,316.92. Following the transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. The trade was a 3.40% 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 the SEC website. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction 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 sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,030,203 shares of company stock worth $545,161,894 over the last three months. Corporate insiders own 4.17% of the company’s stock.
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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