Whalen Wealth Management Inc. Has $4.64 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Whalen Wealth Management Inc. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,816 shares of the computer hardware maker's stock after purchasing an additional 6,172 shares during the quarter. NVIDIA comprises 3.1% of Whalen Wealth Management Inc.'s holdings, making the stock its 8th biggest position. Whalen Wealth Management Inc.'s holdings in NVIDIA were worth $4,640,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its stake in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after purchasing an additional 6,665,252 shares during the period. Geode Capital Management LLC boosted its stake in NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Norges Bank acquired a new position in NVIDIA in the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp boosted its stake in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,520,246 shares of company stock worth $660,253,045. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $164.92 on Friday. The company's 50 day moving average price is $141.53 and its two-hundred day moving average price is $128.69. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $167.89. The firm has a market cap of $4.02 trillion, a PE ratio of 53.20, a PEG ratio of 1.46 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 earned $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Citigroup lifted their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Rosenblatt Securities lifted their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One investment 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $177.03.

NVIDIA 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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