Advisors Preferred LLC Has $10.12 Million Holdings in NVIDIA Corporation $NVDA

Advisors Preferred LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 18.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 66,000 shares of the computer hardware maker’s stock after selling 14,834 shares during the period. NVIDIA accounts for approximately 1.7% of Advisors Preferred LLC’s portfolio, making the stock its 15th largest position. Advisors Preferred LLC’s holdings in NVIDIA were worth $10,118,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NVDA. Center for Financial Planning Inc. boosted its holdings in shares of NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after buying an additional 367 shares in the last quarter. Atria Investments Inc lifted its position 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 valued at $148,859,000 after acquiring an additional 29,479 shares during the period. Fielder Capital Group LLC lifted its position 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 valued at $5,470,000 after acquiring an additional 4,444 shares during the period. MADDEN SECURITIES Corp boosted its stake in NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after acquiring an additional 2,484 shares in the last quarter. Finally, ORG Wealth Partners LLC grew its holdings in NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after purchasing an additional 3,542 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 0.9%

NVDA stock opened at $181.46 on Wednesday. The stock has a market cap of $4.41 trillion, a P/E ratio of 51.70, a P/E/G ratio of 1.49 and a beta of 2.11. 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 stock’s fifty day simple moving average is $186.88 and its two-hundred day simple moving average is $171.35. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. CICC Research upped their price objective on shares of NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Daiwa Capital Markets upped their price target on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Wells Fargo & Company reiterated an “overweight” rating and issued a $265.00 price target (up previously from $220.00) on shares of NVIDIA in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA has an average rating of “Buy” and a consensus price target of $258.65.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,012,203 shares of company stock valued at $542,065,894 in the last three months. Company 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.