NVIDIA Corporation $NVDA Stock Holdings Lifted by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 16.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 573,917 shares of the computer hardware maker’s stock after acquiring an additional 79,933 shares during the period. NVIDIA comprises about 1.6% of Crestwood Advisors Group LLC’s portfolio, making the stock its 11th largest holding. Crestwood Advisors Group LLC’s holdings in NVIDIA were worth $90,673,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of NVDA. Kingstone Capital Partners Texas LLC increased its stake in NVIDIA by 267,959.7% in the 2nd 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 purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC acquired a new position in shares of NVIDIA in the first quarter worth about $15,089,414,000. Goldman Sachs Group Inc. increased its position in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Amundi increased its position in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of NVIDIA during the first quarter valued at approximately $1,163,288,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the transaction, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 626 shares of the business’s 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 sale, the director owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,012,203 shares of company stock worth $542,065,894. Corporate insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NVDA shares. JPMorgan Chase & Co. lifted their price objective on shares of NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Mizuho raised their target price on NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. TD Cowen upped their price target on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Raymond James Financial set a $272.00 price objective on NVIDIA and gave the stock a “strong-buy” rating in a research note on Thursday, November 20th. Finally, Daiwa Capital Markets lifted their target price on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Up 0.9%

Shares of NVIDIA stock opened at $181.46 on Wednesday. The firm has a market cap of $4.41 trillion, a price-to-earnings ratio of 51.70, a P/E/G ratio of 1.49 and a beta of 2.11. The stock has a 50-day simple moving average of $186.88 and a 200-day simple 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 debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm 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 company’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

About NVIDIA

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.