Avantax Advisory Services Inc. Boosts Stock Position in NVIDIA Corporation $NVDA

Key Points

• Avantax Advisory Services Inc. increased its stake in NVIDIA Corporation by 8.2% during the first quarter, holding 1,762,336 shares worth approximately $191 million.
• NVIDIA reported quarterly earnings of $0.81 per share, missing analysts' estimates, but generated revenue of $44.06 billion, representing a 69.2% year-over-year increase.
• Insider sales included a transaction by Director Tench Coxe, who sold 1 million shares at an average price of $142.80, reducing his stake by 3.61%.

Avantax Advisory Services Inc. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,762,336 shares of the computer hardware maker's stock after purchasing an additional 133,989 shares during the quarter. NVIDIA makes up approximately 1.2% of Avantax Advisory Services Inc.'s holdings, making the stock its 11th largest holding. Avantax Advisory Services Inc.'s holdings in NVIDIA were worth $191,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tufton Capital Management increased its holdings in NVIDIA by 8.5% during the 1st quarter. Tufton Capital Management now owns 12,345 shares of the computer hardware maker's stock worth $1,338,000 after purchasing an additional 965 shares during the last quarter. Three Bridge Wealth Advisors LLC increased its holdings in NVIDIA by 3.7% during the 1st quarter. Three Bridge Wealth Advisors LLC now owns 22,430 shares of the computer hardware maker's stock worth $2,431,000 after purchasing an additional 810 shares during the last quarter. FreeGulliver LLC increased its holdings in shares of NVIDIA by 8.4% in the 1st quarter. FreeGulliver LLC now owns 3,047 shares of the computer hardware maker's stock valued at $330,000 after acquiring an additional 235 shares during the last quarter. Montgomery Investment Management Inc. increased its holdings in shares of NVIDIA by 6.4% in the 1st quarter. Montgomery Investment Management Inc. now owns 5,120 shares of the computer hardware maker's stock valued at $555,000 after acquiring an additional 310 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at approximately $29,585,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 1.0%

NVDA traded up $1.74 during trading on Tuesday, reaching $181.55. The company had a trading volume of 90,212,869 shares, compared to its average volume of 238,533,078. The firm's 50-day simple moving average is $168.05 and its 200 day simple moving average is $137.81. The company has a market cap of $4.43 trillion, a price-to-earnings ratio of 58.53, a PEG ratio of 1.56 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is 1.29%.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last ninety days. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVDA shares. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. UBS Group boosted their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Raymond James Financial boosted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Loop Capital boosted their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.31.

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.