Kingswood Wealth Advisors LLC Has $49.40 Million Stake in NVIDIA Corporation $NVDA

Kingswood Wealth Advisors LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,746 shares of the computer hardware maker’s stock after selling 5,859 shares during the period. NVIDIA comprises approximately 3.0% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Kingswood Wealth Advisors LLC’s holdings in NVIDIA were worth $49,396,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVDA. Harbor Asset Planning Inc. acquired a new stake in NVIDIA during the 2nd quarter valued at $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC raised its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth about $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in shares of NVIDIA during the 2nd quarter worth about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVIDIA stock opened at $187.81 on Friday. The firm has a market cap of $4.56 trillion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 0.90 and a beta of 2.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The stock’s fifty day moving average price is $183.38 and its two-hundred day moving average price is $181.53. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its 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 return on equity of 99.24% and a net margin of 53.01%.The firm 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 posted $0.81 EPS. The company’s revenue was up 62.5% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the transaction, the chief financial officer directly owned 1,286,826 shares of the company’s stock, valued at $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the transaction, the director owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. This represents a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,661,474 shares of company stock worth $303,251,232. Corporate insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of NVIDIA in a research note on Thursday, January 15th. DZ Bank restated a “buy” rating on shares of NVIDIA in a report on Thursday, November 20th. Raymond James Financial reiterated a “strong-buy” rating on shares of NVIDIA in a research note on Tuesday, January 6th. Barclays lifted their price target on NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $275.00 price objective on shares of NVIDIA in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $263.41.

Check Out Our Latest Stock Analysis on NVIDIA

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NVIDIA Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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