AFT Forsyth & Company Inc. Trims Position in NVIDIA Corporation $NVDA

AFT Forsyth & Company Inc. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,797 shares of the computer hardware maker’s stock after selling 4,465 shares during the period. NVIDIA comprises 23.7% of AFT Forsyth & Company Inc.’s investment portfolio, making the stock its largest position. AFT Forsyth & Company Inc.’s holdings in NVIDIA were worth $46,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the 2nd quarter worth $28,000. Winnow Wealth LLC purchased a new stake in shares of NVIDIA during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC boosted its holdings in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA in the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, September 26th. The stock was sold at an average price of $176.96, for a total value of $13,272,000.00. Following the completion of the sale, the chief executive officer directly owned 71,308,203 shares of the company’s stock, valued at approximately $12,618,699,602.88. The trade was a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,829,474 shares of company stock valued at $512,805,367 in the last quarter. Insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NVDA shares. HSBC set a $320.00 price objective on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. Daiwa Capital Markets upped their target price on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. TD Cowen raised their price target on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Benchmark lifted their price target on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, 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 report on Monday, November 3rd. Four 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $258.65.

NVIDIA Price Performance

NVDA opened at $175.02 on Friday. The firm has a market cap of $4.25 trillion, a PE ratio of 43.43, a P/E/G ratio of 0.89 and a beta of 2.29. The stock has a 50-day moving average price of $186.69 and a 200-day moving average price of $173.54. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share 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 net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

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.