Worth Financial Advisory Group LLC Has $2.64 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Worth Financial Advisory Group LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,397 shares of the computer hardware maker's stock after purchasing an additional 2,337 shares during the quarter. NVIDIA comprises about 1.7% of Worth Financial Advisory Group LLC's portfolio, making the stock its 14th biggest position. Worth Financial Advisory Group LLC's holdings in NVIDIA were worth $2,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter valued at approximately $50,000. Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new position in NVIDIA in the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $0.82 during trading on Friday, hitting $164.92. 193,205,730 shares of the stock were exchanged, compared to its average volume of 266,042,149. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $167.89. The stock has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. The company has a fifty day moving average price of $141.53 and a 200-day moving average price of $128.77. 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 quarterly earnings results 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 of this dividend 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%.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 49,131 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the transaction, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,520,246 shares of company stock valued at $660,253,045. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVDA. Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group began coverage on shares of NVIDIA in a research note on Thursday. They issued a "buy" rating and a $185.00 price objective on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. Rosenblatt Securities raised their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Bank of America raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $177.03.

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.