Creative Financial Designs Inc. ADV boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,963 shares of the computer hardware maker's stock after acquiring an additional 3,391 shares during the period. Creative Financial Designs Inc. ADV's holdings in NVIDIA were worth $5,957,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Wealth Group Ltd. grew its holdings in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new position in NVIDIA in the 4th quarter valued at $972,000. Capital & Planning LLC grew its holdings in NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after purchasing an additional 104 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Trading Down 0.3%
Shares of NVDA traded down $0.59 during mid-day trading on Friday, reaching $172.41. 145,724,125 shares of the company were exchanged, compared to its average volume of 263,966,224. The stock has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13. The business has a 50 day simple moving average of $146.99 and a two-hundred day simple moving average of $129.86. 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 52 week low of $86.62 and a 52 week high of $174.25.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
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 $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's payout ratio is currently 1.29%.
Insiders Place Their Bets
In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total value of $3,417,600.00. Following the completion of the sale, the chief financial officer owned 163,060 shares of the company's stock, valued at approximately $27,863,692.80. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,964,800 shares of company stock worth $734,906,003. 4.17% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
NVDA has been the topic of several analyst reports. Oppenheimer increased their target price on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Raymond James Financial increased their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Mizuho set a $192.00 target price on NVIDIA and gave the stock an "outperform" rating in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on NVIDIA from $185.00 to $200.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $181.22.
Check Out Our Latest Stock Analysis on NVDA
About NVIDIA
(
Free Report)
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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