Aspen Investment Management Inc Has $761,000 Stock Position in NVIDIA Corporation $NVDA

Aspen Investment Management Inc lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 37.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,819 shares of the computer hardware maker’s stock after selling 2,838 shares during the quarter. Aspen Investment Management Inc’s holdings in NVIDIA were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of NVDA. Traub Capital Management LLC bought a new position in NVIDIA during the second quarter valued at about $1,193,000. Highview Capital Management LLC DE increased its holdings in shares of NVIDIA by 2.6% during the 2nd quarter. Highview Capital Management LLC DE now owns 54,499 shares of the computer hardware maker’s stock valued at $8,610,000 after acquiring an additional 1,385 shares during the last quarter. Birchbrook Inc. increased its holdings in shares of NVIDIA by 34.4% during the 2nd quarter. Birchbrook Inc. now owns 11,434 shares of the computer hardware maker’s stock valued at $1,806,000 after acquiring an additional 2,928 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of NVIDIA by 16.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 24,267 shares of the computer hardware maker’s stock valued at $3,834,000 after acquiring an additional 3,354 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in NVIDIA by 20.9% in the 2nd quarter. Wealthspire Advisors LLC now owns 236,689 shares of the computer hardware maker’s stock worth $37,394,000 after purchasing an additional 40,863 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. Loop Capital increased their price target on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. HSBC set a $320.00 price target on NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $240.00 price objective (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Price Performance

Shares of NVDA stock opened at $185.16 on Tuesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market capitalization of $4.50 trillion, a P/E ratio of 45.95, a P/E/G ratio of 0.90 and a beta of 2.29. The stock has a 50 day moving average of $187.20 and a two-hundred day moving average of $172.73. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.NVIDIA’s revenue was up 62.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is 0.99%.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total value of $2,341,061.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,874,931 shares of company stock valued at $518,877,705. 4.17% of the stock is currently owned by company insiders.

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.