Claris Financial LLC Has $5.31 Million Holdings in NVIDIA Corporation $NVDA

Claris Financial LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 22.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,614 shares of the computer hardware maker’s stock after selling 9,956 shares during the quarter. NVIDIA accounts for about 4.0% of Claris Financial LLC’s holdings, making the stock its 4th largest holding. Claris Financial LLC’s holdings in NVIDIA were worth $5,311,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC purchased a new position in shares of NVIDIA in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC lifted its stake 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 last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. grew its position 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 worth $44,000 after acquiring an additional 254 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA stock opened at $176.29 on Tuesday. 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 has a 50 day moving average price of $186.51 and a 200-day moving average price of $174.35. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The firm has a market capitalization of $4.28 trillion, a price-to-earnings ratio of 43.74, a PEG ratio of 0.86 and a beta of 2.29.

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. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same period last year, the business earned $0.81 EPS. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.01 per share. 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 currently 0.99%.

Analysts Set New Price Targets

Several analysts have weighed in on NVDA shares. BNP Paribas Exane boosted their price objective on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Arete Research increased their price target on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Rothschild & Co Redburn raised their price target on shares of NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, November 17th. JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Robert W. Baird set a $275.00 target price on shares of NVIDIA and gave the stock an “outperform” rating in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and an average price target of $258.65.

Insider Activity

In other news, EVP Debora Shoquist sold 69,840 shares of the 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 transaction, the executive vice president owned 1,424,603 shares in the company, valued at $253,365,643.55. This represents a 4.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A Brooke Seawell sold 12,728 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,754,474 shares of company stock worth $499,562,617. Company insiders own 4.17% of the company’s stock.

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.