NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Horst & Graben Wealth Management LLC

Key Points

• Horst & Graben Wealth Management LLC increased its stake in NVIDIA Corporation by 4.1%, now holding 36,707 shares worth approximately $3.98 million.
• Several institutional investors recently modified their holdings, with notable new investments totaling around $28,000 to $51,000 across various firms in the last quarter.
• NVIDIA's stock has received positive upgrades from multiple analysts, with current ratings including 33 buy ratings and a consensus target price of $182.03.

Horst & Graben Wealth Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,707 shares of the computer hardware maker's stock after acquiring an additional 1,442 shares during the period. NVIDIA comprises approximately 0.7% of Horst & Graben Wealth Management LLC's investment portfolio, making the stock its 28th biggest position. Horst & Graben Wealth Management LLC's holdings in NVIDIA were worth $3,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVDA. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

NVIDIA Trading Down 2.3%

NASDAQ:NVDA opened at $173.72 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $183.30. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $155.30 and a two-hundred day moving average price of $132.32. The company has a market cap of $4.24 trillion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14.

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 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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company posted $0.61 EPS. The company's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date 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 (DPR) is presently 1.29%.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,339,800 shares of company stock worth $800,141,003 over the last three months. Company insiders own 4.17% of the company's stock.

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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