Financial Security Advisor Inc. Has $4.22 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Financial Security Advisor Inc. boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,954 shares of the computer hardware maker's stock after purchasing an additional 2,180 shares during the quarter. NVIDIA comprises approximately 1.1% of Financial Security Advisor Inc.'s investment portfolio, making the stock its 21st largest holding. Financial Security Advisor Inc.'s holdings in NVIDIA were worth $4,222,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its stake in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its stake in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC raised its stake in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Aigen Investment Management LP bought a new stake in NVIDIA in the 4th quarter valued at about $1,110,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 1.1%

Shares of NVDA opened at $182.67 on Friday. The firm has a market cap of $4.46 trillion, a P/E ratio of 58.93, a P/E/G ratio of 1.59 and a beta of 2.14. The stock has a 50 day simple moving average of $159.82 and a two-hundred day simple 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 1 year low of $86.62 and a 1 year high of $183.88.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Loop Capital increased their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $183.75.

Insider Buying and Selling

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, 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 ownership of the stock. 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 Friday, August 8th. The shares were sold at an average price of $182.38, for a total value of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares of the company's stock, valued at approximately $13,354,451,775.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,687,440 shares of company stock valued at $862,095,782. Insiders own 4.17% of the company's stock.

About NVIDIA

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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