NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Csenge Advisory Group

Key Points

• Csenge Advisory Group increased its holdings in NVIDIA Corporation by 1.1%, owning 131,718 shares valued at approximately $13.36 million, making it the firm's 22nd largest investment.
• Several hedge funds have also raised their stakes in NVIDIA, contributing to institutional investors and hedge funds owning 65.27% of the company's stock.
• Analysts show strong confidence in NVIDIA, with a consensus rating of "Moderate Buy" and an average target price of $186.33.

Csenge Advisory Group grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,718 shares of the computer hardware maker's stock after acquiring an additional 1,460 shares during the quarter. NVIDIA comprises about 0.7% of Csenge Advisory Group's investment portfolio, making the stock its 22nd largest holding. Csenge Advisory Group's holdings in NVIDIA were worth $13,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Condor Capital Management grew its stake in NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares in the last quarter. High Note Wealth LLC raised its stake in shares of NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after acquiring an additional 91 shares in the last quarter. Kelly Financial Services LLC raised its position in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the period. Mendel Capital Management LLC raised its position in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after purchasing an additional 96 shares during the period. Finally, Affiance Financial LLC raised its position in shares of NVIDIA by 0.7% in the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock valued at $1,479,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Loop Capital boosted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.33.

NVIDIA Stock Performance

NVIDIA stock opened at $180.45 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a market cap of $4.40 trillion, a PE ratio of 58.21, a PEG ratio of 1.60 and a beta of 2.14. The company's 50-day moving average is $163.96 and its two-hundred day moving average is $135.36.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 20,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $3,561,200.00. Following the sale, the chief financial officer directly owned 153,060 shares in the company, valued at $27,253,863.60. This trade represents a 11.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $181.38, for a total transaction of $13,603,500.00. Following the completion of the sale, the chief executive officer owned 72,998,225 shares in the company, valued at $13,240,418,050.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,837,440 shares of company stock worth $889,404,782 over the last quarter. 4.17% of the stock is currently owned by corporate insiders.

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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