Graybill Wealth Management LTD. Invests $164,000 in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Graybill Wealth Management LTD. has invested approximately $164,000 in NVIDIA Corporation by acquiring 1,510 shares, marking a new position for the institutional investor.
• Insider trading was notable as CFO Colette Kress and CEO Jen Hsun Huang sold shares worth over $17 million combined in early August, indicating a slight decrease in their ownership stakes.
• Analysts have generally maintained a positive outlook on NVIDIA, with target prices ranging from $175.00 to $250.00, reflecting a consensus average rating of "Moderate Buy."

Graybill Wealth Management LTD. purchased a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,510 shares of the computer hardware maker's stock, valued at approximately $164,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at $54,000. Finally, Delos Wealth Advisors LLC boosted its position in NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale 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 completion of the sale, the chief executive officer directly owned 73,223,225 shares of the company's stock, valued at $13,354,451,775.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock worth $862,095,782 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Mizuho set a $192.00 target price on NVIDIA and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Loop Capital increased their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $183.75.

NVIDIA Trading Up 1.1%

Shares of NVIDIA stock opened at $182.67 on Monday. The stock has a market cap of $4.46 trillion, a P/E ratio of 58.93, a P/E/G ratio of 1.61 and a beta of 2.14. The stock's 50 day simple moving average is $159.82 and its 200-day simple moving average is $133.62. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $183.88. 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 (NASDAQ:NVDA - Get Free Report) last released 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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company's revenue was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post 2.77 EPS 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.29%.

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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