Coppell Advisory Solutions LLC Takes Position in NVIDIA Corporation $NVDA

Coppell Advisory Solutions LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 50,273 shares of the computer hardware maker’s stock, valued at approximately $7,931,000. NVIDIA makes up 1.0% of Coppell Advisory Solutions LLC’s portfolio, making the stock its 26th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new stake in NVIDIA in the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% during the 2nd 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 in the last quarter. Spurstone Advisory Services LLC acquired a new position in NVIDIA during the 2nd quarter worth approximately $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in NVIDIA in the 2nd quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. CICC Research upped their target price on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Benchmark lifted their price target on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Melius Research upped their price objective on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Citigroup lifted their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $258.65.

NVIDIA Trading Down 3.3%

NASDAQ:NVDA opened at $175.02 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week 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 firm’s fifty day moving average is $186.69 and its 200-day moving average is $174.09. The firm has a market cap 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 (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 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 of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 12,728 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total transaction of $2,341,061.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Debora Shoquist sold 69,840 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $177.85, for a total value of $12,421,044.00. Following the completion of the transaction, the executive vice president directly owned 1,424,603 shares in the company, valued at approximately $253,365,643.55. This trade represents a 4.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,754,474 shares of company stock worth $499,562,617 over the last quarter. 4.17% of the stock is owned by company insiders.

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.