MJT & Associates Financial Advisory Group Inc. Makes New Investment in NVIDIA Corporation $NVDA

MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,996 shares of the computer hardware maker's stock, valued at approximately $433,000. NVIDIA comprises about 0.4% of MJT & Associates Financial Advisory Group Inc.'s portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also recently modified their holdings of NVDA. Brighton Jones LLC grew its stake 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 valued at $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of NVIDIA by 1.0% during the fourth 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 buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after buying an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its stake in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in shares of NVIDIA by 47.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 107,759 shares of the computer hardware maker's stock valued at $14,471,000 after buying an additional 34,778 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVDA. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. KeyCorp boosted their price target on NVIDIA from $190.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Mizuho boosted their price target on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. TD Cowen boosted their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Raymond James Financial boosted their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $194.31.

NVIDIA Stock Performance

Shares of NVDA opened at $181.60 on Thursday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a fifty day moving average price of $169.53 and a 200-day moving average price of $138.41. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.43 trillion, a PE ratio of 58.58, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. 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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