NVIDIA Corporation $NVDA Shares Acquired by NWF Advisory Services Inc.

NWF Advisory Services Inc. lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 87.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,164 shares of the computer hardware maker’s stock after acquiring an additional 38,836 shares during the period. NVIDIA accounts for about 1.6% of NWF Advisory Services Inc.’s holdings, making the stock its 15th biggest position. NWF Advisory Services Inc.’s holdings in NVIDIA were worth $13,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alternative Investment Advisors LLC. boosted its stake in shares of NVIDIA by 1.5% during the second quarter. Alternative Investment Advisors LLC. now owns 20,814 shares of the computer hardware maker’s stock worth $3,288,000 after buying an additional 312 shares during the period. Prospera Capital Management LLC increased its position in NVIDIA by 0.9% in the 2nd quarter. Prospera Capital Management LLC now owns 20,760 shares of the computer hardware maker’s stock valued at $3,280,000 after acquiring an additional 189 shares during the period. ZynergyRetirementPlanningLLC raised its stake in NVIDIA by 8.2% during the 2nd quarter. ZynergyRetirementPlanningLLC now owns 1,375 shares of the computer hardware maker’s stock valued at $217,000 after acquiring an additional 104 shares during the last quarter. V. M. Manning & CO. Inc. acquired a new stake in NVIDIA during the 2nd quarter worth approximately $45,397,000. Finally, Q3 Asset Management purchased a new position in shares of NVIDIA in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.7%

Shares of NVIDIA stock opened at $176.29 on Tuesday. The company has a 50-day moving average of $186.51 and a two-hundred day moving average of $174.35. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.28 trillion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The company’s revenue was up 62.5% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company 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. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the completion of the transaction, the chief executive officer directly owned 71,158,203 shares in the company, valued at approximately $12,974,986,735.02. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated 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. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,754,474 shares of company stock worth $499,562,617. Corporate insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price target (up from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Rothschild & Co Redburn raised their target price on shares of NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Seaport Global Securities lifted their target price on shares of NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a report on Monday, November 17th. Morgan Stanley increased their price target on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Finally, Robert W. Baird set a $275.00 price objective on NVIDIA and gave the company 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 issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $258.65.

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.