NVIDIA Corporation $NVDA Holdings Boosted by Crestwood Advisors Group LLC

Key Points

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Crestwood Advisors Group LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 493,984 shares of the computer hardware maker's stock after acquiring an additional 160,242 shares during the period. Crestwood Advisors Group LLC's holdings in NVIDIA were worth $53,538,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NVDA. Kingsman Wealth Management Inc. bought a new stake in shares of NVIDIA during the first quarter valued at approximately $17,428,000. OneAscent Wealth Management LLC raised its holdings in shares of NVIDIA by 5.0% during the first quarter. OneAscent Wealth Management LLC now owns 6,399 shares of the computer hardware maker's stock valued at $694,000 after buying an additional 302 shares during the last quarter. Horizon Investment Services LLC raised its holdings in shares of NVIDIA by 22.7% during the first quarter. Horizon Investment Services LLC now owns 114,904 shares of the computer hardware maker's stock valued at $12,453,000 after buying an additional 21,294 shares during the last quarter. Edgemoor Investment Advisors Inc. raised its holdings in shares of NVIDIA by 0.8% during the first quarter. Edgemoor Investment Advisors Inc. now owns 171,271 shares of the computer hardware maker's stock valued at $18,562,000 after buying an additional 1,276 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. raised its holdings in shares of NVIDIA by 90.2% during the first quarter. PCA Investment Advisory Services Inc. now owns 19,400 shares of the computer hardware maker's stock valued at $2,103,000 after buying an additional 9,201 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NVDA shares. Jefferies Financial Group lifted their price target on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. TD Cowen boosted their target price on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Rosenblatt Securities lifted their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a research report on Monday. Finally, Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $187.61.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,912,440 shares of company stock worth $902,886,782 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.9%

NVIDIA stock opened at $182.01 on Tuesday. The firm has a market cap of $4.44 trillion, a price-to-earnings ratio of 58.71, a P/E/G ratio of 1.59 and a beta of 2.14. 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 fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a fifty day moving average price of $164.75 and a two-hundred day moving average price of $135.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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). The company 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 firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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%.

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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