Crewe Advisors LLC Has $21.62 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Crewe Advisors LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,496 shares of the computer hardware maker's stock after purchasing an additional 2,043 shares during the period. NVIDIA makes up 3.0% of Crewe Advisors LLC's portfolio, making the stock its 11th biggest position. Crewe Advisors LLC's holdings in NVIDIA were worth $21,621,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NVDA. Wealth Group Ltd. grew its stake in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in NVIDIA in the fourth quarter worth $972,000. Capital & Planning LLC raised its holdings in NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after purchasing an additional 1,099 shares during the period. Ironwood Wealth Management LLC. raised its holdings in shares of NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares during the period. Finally, Brighton Jones LLC raised its holdings in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company'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 transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,520,246 shares of company stock worth $660,253,045 over the last quarter. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Up 0.5%

NVDA opened at $164.92 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.46 and a beta of 2.13. The company's 50 day moving average price is $141.53 and its two-hundred day moving average price is $128.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced 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 was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Company 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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