Bradley & Co. Private Wealth Management LLC Has $7.74 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Bradley & Co. Private Wealth Management LLC cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,423 shares of the computer hardware maker's stock after selling 5,838 shares during the quarter. NVIDIA makes up about 5.3% of Bradley & Co. Private Wealth Management LLC's holdings, making the stock its 11th biggest position. Bradley & Co. Private Wealth Management LLC's holdings in NVIDIA were worth $7,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Astoria Portfolio Advisors LLC. lifted its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group lifted its holdings in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC lifted its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its holdings in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc lifted its holdings in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Loop Capital raised their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. BNP Paribas raised shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Raymond James Financial lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $183.75.

NVIDIA Stock Up 1.1%

Shares of NASDAQ:NVDA opened at $182.67 on Friday. The company has a 50 day moving average of $159.82 and a 200-day moving average of $133.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.88. The stock has a market cap of $4.46 trillion, a price-to-earnings ratio of 58.93, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. NVIDIA's revenue was up 69.2% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the completion of the transaction, the chief executive officer owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,687,440 shares of company stock valued at $862,095,782 in the last ninety days. Company insiders own 4.17% of the company's stock.

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.

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