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Wealthfront Advisers LLC Has $446.45 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA logo with Computer and Technology background

Wealthfront Advisers LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,119,257 shares of the computer hardware maker's stock after buying an additional 185,689 shares during the quarter. NVIDIA accounts for approximately 1.3% of Wealthfront Advisers LLC's holdings, making the stock its 17th biggest holding. Wealthfront Advisers LLC's holdings in NVIDIA were worth $446,445,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NVDA. Brighton Jones LLC increased its stake in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Axis Wealth Partners LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth about $505,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Citigroup increased their target price on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. TD Cowen increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Loop Capital increased 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. Finally, Mizuho set a $192.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $183.75.

Get Our Latest Analysis on NVIDIA

NVIDIA Stock Performance

Shares of NVDA opened at $182.06 on Tuesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.88. The firm has a fifty day simple moving average of $160.71 and a 200 day simple moving average of $133.89. The stock has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 58.73, a PEG ratio of 1.61 and a beta of 2.14. 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 (NASDAQ:NVDA - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the completion of the sale, the chief executive officer owned 73,223,225 shares of the company's stock, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,687,440 shares of company stock valued at $862,095,782. Corporate insiders own 4.17% of the company's stock.

NVIDIA Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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