Clarion Wealth Managment Partners LLC Takes $941,000 Position in NVIDIA Corporation $NVDA

Clarion Wealth Managment Partners LLC purchased a new position in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,956 shares of the computer hardware maker’s stock, valued at approximately $941,000.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC increased its position in NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after buying an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. Norges Bank purchased a new position in shares of NVIDIA during the 2nd quarter valued at $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 3.3%

Shares of NASDAQ:NVDA opened at $175.02 on Monday. The firm has a fifty day moving average price of $186.69 and a two-hundred day moving average price of $174.09. The company has a market cap of $4.25 trillion, a price-to-earnings ratio of 43.43, a PEG ratio of 0.86 and a beta of 2.29. 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 Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was up 62.5% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued 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 payout ratio is presently 0.99%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the completion of the transaction, the executive vice president directly owned 1,574,443 shares of the company’s stock, valued at approximately $290,720,899.95. This represents a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,754,474 shares of company stock valued at $499,562,617 in the last ninety days. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of research reports. Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Mizuho lifted their target price on shares of NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Evercore ISI set a $352.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday, November 20th. DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. 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 equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $258.65.

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.