Bouchey Financial Group Ltd Boosts Position in NVIDIA Corporation $NVDA

Bouchey Financial Group Ltd boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,092 shares of the computer hardware maker’s stock after acquiring an additional 3,309 shares during the period. NVIDIA accounts for about 0.4% of Bouchey Financial Group Ltd’s investment portfolio, making the stock its 28th largest position. Bouchey Financial Group Ltd’s holdings in NVIDIA were worth $4,596,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NVDA. Morton Brown Family Wealth LLC grew its holdings in shares of NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after buying an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC lifted its holdings in shares of 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 worth $3,302,000 after acquiring an additional 58 shares during the period. Alpha Wealth Funds LLC increased its position in NVIDIA by 1.3% during the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after purchasing an additional 59 shares during the last quarter. Copia Wealth Management raised its stake in NVIDIA by 14.7% during the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after purchasing an additional 60 shares during the period. Finally, BKM Wealth Management LLC raised its stake in 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 period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 0.5%

NASDAQ:NVDA opened at $182.41 on Friday. The stock has a market cap of $4.43 trillion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The business’s 50-day simple moving average is $187.13 and its 200 day simple moving average is $171.82.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company 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 business earned $0.81 EPS. NVIDIA’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is 0.99%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NVDA shares. Daiwa Capital Markets upped their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Rosenblatt Securities boosted their price target on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Melius Research upped their target price on NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $258.65.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 626 shares of the firm’s 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 transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. This 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 2,949,931 shares of company stock valued at $531,605,955. Insiders own 4.17% of the company’s stock.

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.