Milestones Private Investment Advisors LLC Makes New $1.16 Million Investment in NVIDIA Corporation $NVDA

Milestones Private Investment Advisors LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, HoldingsChannel.com reports. The fund purchased 7,353 shares of the computer hardware maker’s stock, valued at approximately $1,162,000.

Other institutional investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the second quarter valued at about $28,000. Winnow Wealth LLC purchased a new stake in NVIDIA during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC increased its stake 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 valued at $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 valued at approximately $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in shares of NVIDIA in the second quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NVDA. Benchmark upped their target price on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. BNP Paribas Exane lifted their target price on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. President Capital upped their target price on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Raymond James Financial set a $272.00 price target on shares of NVIDIA and gave the stock a “strong-buy” rating in a research report on Thursday, November 20th. Finally, Arete Research lifted their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Four 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Trading Up 0.8%

NVIDIA stock opened at $177.72 on Wednesday. The firm has a market cap of $4.32 trillion, a PE ratio of 44.10, a P/E/G ratio of 0.86 and a beta of 2.29. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock’s 50 day simple moving average is $186.36 and its two-hundred day simple moving average is $174.65. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (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 firm had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insiders Place Their Bets

In related news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00. Following the transaction, the chief executive officer owned 71,083,203 shares in the company, valued at $13,264,836,511.83. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,679,474 shares of company stock worth $486,790,117 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.