Arrowroot Family Office LLC Invests $920,000 in NVIDIA Corporation $NVDA

Arrowroot Family Office LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,820 shares of the computer hardware maker’s stock, valued at approximately $920,000.

A number of other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC grew its stake 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 acquiring an additional 382,231,120 shares during the last quarter. Nuveen LLC bought a new position in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its stake in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Amundi increased its position in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. Finally, Strs Ohio acquired a new stake in NVIDIA during the 1st quarter valued at $1,163,288,000. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,012,203 shares of company stock valued at $542,065,894. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NVDA. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Stifel Nicolaus lifted their price objective on NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Thursday, November 20th. Wells Fargo & Company restated an “overweight” rating and issued a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a report on Friday, November 14th. Finally, Truist Financial boosted their price objective on shares of NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Five 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $258.65.

NVIDIA Trading Up 0.9%

Shares of NVDA stock opened at $181.46 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market cap of $4.41 trillion, a PE ratio of 51.70, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The stock’s fifty day moving average price is $186.88 and its two-hundred day moving average price is $171.35.

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

NVIDIA Dividend Announcement

The firm 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 is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

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.