Obermeyer Wealth Partners Has $35.85 Million Position in NVIDIA Corporation $NVDA

Key Points

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Obermeyer Wealth Partners grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 330,730 shares of the computer hardware maker's stock after acquiring an additional 11,463 shares during the period. NVIDIA accounts for approximately 1.9% of Obermeyer Wealth Partners' investment portfolio, making the stock its 17th biggest holding. Obermeyer Wealth Partners' holdings in NVIDIA were worth $35,845,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Regency Capital Management Inc. DE grew its holdings in NVIDIA by 51.1% during the 1st quarter. Regency Capital Management Inc. DE now owns 38,796 shares of the computer hardware maker's stock worth $4,205,000 after acquiring an additional 13,124 shares during the period. 1776 Wealth LLC boosted its position in shares of NVIDIA by 12.1% during the 1st quarter. 1776 Wealth LLC now owns 54,255 shares of the computer hardware maker's stock worth $5,880,000 after purchasing an additional 5,839 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its position in shares of NVIDIA by 2.6% during the 1st quarter. Clifford Swan Investment Counsel LLC now owns 65,769 shares of the computer hardware maker's stock worth $7,128,000 after purchasing an additional 1,668 shares in the last quarter. Integrity Investment Advisors LLC bought a new position in shares of NVIDIA during the 1st quarter worth about $1,094,000. Finally, WT Wealth Management boosted its position in shares of NVIDIA by 23.3% during the 1st quarter. WT Wealth Management now owns 67,845 shares of the computer hardware maker's stock worth $7,353,000 after purchasing an additional 12,803 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated 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 trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,912,440 shares of company stock worth $902,886,782. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $182.01 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company's 50-day moving average is $164.75 and its 200 day moving average is $135.95. The stock has a market capitalization of $4.44 trillion, a P/E ratio of 58.71, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NVDA shares. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Rosenblatt Securities increased their price objective 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. Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Truist Financial raised their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $187.61.

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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