NVIDIA Corporation $NVDA is GPS Wealth Strategies Group LLC’s Largest Position

GPS Wealth Strategies Group LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,025 shares of the computer hardware maker’s stock after selling 23,377 shares during the period. NVIDIA accounts for about 8.9% of GPS Wealth Strategies Group LLC’s holdings, making the stock its biggest position. GPS Wealth Strategies Group LLC’s holdings in NVIDIA were worth $77,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Morton Brown Family Wealth LLC raised its holdings in shares of NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after buying an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC raised its stake in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after acquiring an additional 58 shares during the last quarter. Alpha Wealth Funds LLC grew its stake in shares of NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock valued at $732,000 after purchasing an additional 59 shares during the last quarter. Copia Wealth Management increased its holdings in shares of NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after purchasing an additional 60 shares during the period. Finally, BKM Wealth Management LLC raised its stake in shares of NVIDIA by 1.1% during the second quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock worth $908,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NVDA shares. Loop Capital boosted their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. CICC Research lifted their target price on shares of NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Barclays increased their price target on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a research 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $258.65.

NVIDIA Trading Up 0.9%

Shares of 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 quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The business has a fifty day simple moving average of $186.88 and a 200-day simple moving average of $171.35.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. 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 firm earned $0.81 EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 626 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $179.42, for a total transaction of $112,316.92. Following the sale, the director owned 17,792 shares in the company, valued at approximately $3,192,240.64. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $4,166,600.00. Following the completion of the transaction, the chief financial officer directly owned 123,060 shares of the company’s stock, valued at approximately $25,637,089.80. This trade represents a 13.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,012,203 shares of company stock valued at $542,065,894. 4.17% of the stock is owned by corporate insiders.

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.