NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,939 shares of the computer hardware maker's stock after buying an additional 5,052 shares during the quarter. NVIDIA comprises 1.0% of Walter & Keenan Wealth Management LLC IN ADV's holdings, making the stock its 25th largest position. Walter & Keenan Wealth Management LLC IN ADV's holdings in NVIDIA were worth $3,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Trifecta Capital Advisors LLC raised its position in NVIDIA by 1.4% during the first quarter. Trifecta Capital Advisors LLC now owns 208,359 shares of the computer hardware maker's stock valued at $22,582,000 after acquiring an additional 2,915 shares in the last quarter. Blue Trust Inc. raised its position in NVIDIA by 2.1% during the first quarter. Blue Trust Inc. now owns 135,988 shares of the computer hardware maker's stock valued at $14,738,000 after acquiring an additional 2,788 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its position in NVIDIA by 2.7% during the first quarter. Townsend Asset Management Corp NC ADV now owns 24,799 shares of the computer hardware maker's stock valued at $2,688,000 after acquiring an additional 661 shares in the last quarter. Curran Financial Partners LLC raised its position in NVIDIA by 5.7% during the first quarter. Curran Financial Partners LLC now owns 21,217 shares of the computer hardware maker's stock valued at $2,300,000 after acquiring an additional 1,140 shares in the last quarter. Finally, GFS Advisors LLC raised its position in NVIDIA by 91.3% during the first quarter. GFS Advisors LLC now owns 40,896 shares of the computer hardware maker's stock valued at $4,432,000 after acquiring an additional 19,517 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the sale, the chief executive officer owned 75,023,225 shares in the company, valued at $11,879,927,678.75. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 50,514 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the sale, the director owned 1,974,784 shares in the company, valued at $312,746,542.08. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,296,844 shares of company stock worth $624,019,677 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NVDA. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Truist Financial raised their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Barclays raised their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $176.47.

NVIDIA Stock Up 1.1%

Shares of NASDAQ:NVDA traded up $1.76 during trading on Tuesday, hitting $160.00. The company's stock had a trading volume of 137,373,549 shares, compared to its average volume of 267,324,071. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The stock's 50-day moving average price is $137.37 and its two-hundred day moving average price is $127.97. The company has a market capitalization of $3.90 trillion, a PE ratio of 51.61, a PEG ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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 return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. The company's revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

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.