Element Pointe Advisors LLC Has $9.21 Million Holdings in NVIDIA Corporation $NVDA

Element Pointe Advisors LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 21.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,311 shares of the computer hardware maker’s stock after selling 16,070 shares during the period. NVIDIA comprises approximately 2.2% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Element Pointe Advisors LLC’s holdings in NVIDIA were worth $9,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its position 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 valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the 2nd quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in 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 currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson reiterated a “buy” rating and set a $250.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Citic Securities increased their price target on NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Stifel Nicolaus raised their price target on NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Rosenblatt Securities upped their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Four investment 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’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $258.65.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 12,728 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $178.11, for a total value of $5,432,355.00. Following the sale, the chief financial officer directly owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,754,474 shares of company stock valued at $499,562,617 in the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 3.3%

NVDA opened at $175.02 on Monday. The stock has a fifty day moving average of $186.69 and a 200-day moving average of $174.09. The company 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 debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping 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 business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same period last year, the firm earned $0.81 earnings per share. NVIDIA’s revenue for the quarter was up 62.5% compared to the same quarter last year. On average, 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. Stockholders of record on Thursday, December 4th will be given 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 is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

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.