Goodman Advisory Group LLC Acquires 66,691 Shares of NVIDIA Corporation $NVDA

Goodman Advisory Group LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2,091.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,880 shares of the computer hardware maker’s stock after acquiring an additional 66,691 shares during the period. NVIDIA accounts for about 3.8% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 7th biggest holding. Goodman Advisory Group LLC’s holdings in NVIDIA were worth $11,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in NVDA. Harbor Asset Planning Inc. acquired a new stake in NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC bought a new position in shares of NVIDIA during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC increased its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in NVIDIA in the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake 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. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. CICC Research raised their price target on shares of NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Argus reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. BNP Paribas Exane raised their price target on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Finally, Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Four 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. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average target price of $258.65.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s 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 sale, the chief executive officer directly owned 71,308,203 shares of the company’s stock, valued at approximately $12,618,699,602.88. This represents a 0.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,829,474 shares of company stock worth $512,805,367. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 3.3%

Shares of NVDA stock opened at $175.02 on Friday. The stock has a 50-day simple moving average of $186.69 and a 200 day simple moving average of $173.81. The stock has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a P/E/G ratio of 0.86 and a beta of 2.29. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the company earned $0.81 EPS. NVIDIA’s revenue was up 62.5% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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