Blue Barn Wealth LLC Buys 4,402 Shares of NVIDIA Corporation $NVDA

Blue Barn Wealth LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 48.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,455 shares of the computer hardware maker’s stock after acquiring an additional 4,402 shares during the quarter. NVIDIA makes up 1.0% of Blue Barn Wealth LLC’s holdings, making the stock its 25th biggest position. Blue Barn Wealth LLC’s holdings in NVIDIA were worth $2,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Center for Financial Planning Inc. boosted its holdings in shares of NVIDIA by 4.6% in 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 purchasing an additional 367 shares in the last quarter. Atria Investments Inc lifted its position in NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after buying an additional 29,479 shares during the last quarter. Fielder Capital Group LLC lifted its position in NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after buying an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp boosted its stake in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after buying an additional 2,484 shares in the last quarter. Finally, ORG Wealth Partners LLC grew its position in NVIDIA by 7.7% during the second 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. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $4,166,600.00. Following the transaction, the chief financial officer owned 123,060 shares in the company, valued at approximately $25,637,089.80. This represents a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 626 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $179.42, for a total value of $112,316.92. Following the completion of the transaction, the director directly owned 17,792 shares of the company’s stock, valued at $3,192,240.64. This represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,012,203 shares of company stock worth $542,065,894 over the last three months. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Citic Securities boosted their price target on shares of NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Raymond James Financial set a $272.00 price objective on NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday, November 20th. Evercore ISI set a $352.00 target price on NVIDIA and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $181.46 on Wednesday. The business has a 50 day moving average of $186.88 and a 200 day moving average of $171.35. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. 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. 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 (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the previous year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors 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 of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

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.