NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by UP Strategic Wealth Investment Advisors LLC

UP Strategic Wealth Investment Advisors LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 883.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,771 shares of the computer hardware maker’s stock after buying an additional 24,948 shares during the period. NVIDIA comprises 5.2% of UP Strategic Wealth Investment Advisors LLC’s holdings, making the stock its 5th largest position. UP Strategic Wealth Investment Advisors LLC’s holdings in NVIDIA were worth $3,431,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Single Point Partners LLC lifted its stake in NVIDIA by 4.0% in the 1st quarter. Single Point Partners LLC now owns 595 shares of the computer hardware maker’s stock valued at $537,000 after acquiring an additional 23 shares in the last quarter. Abacus Planning Group Inc. increased its holdings in shares of NVIDIA by 49.9% during the 1st quarter. Abacus Planning Group Inc. now owns 2,181 shares of the computer hardware maker’s stock worth $1,971,000 after acquiring an additional 726 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of NVIDIA by 0.6% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,788 shares of the computer hardware maker’s stock worth $7,037,000 after buying an additional 47 shares during the last quarter. True North Advisors LLC grew its holdings in NVIDIA by 33.1% in the 1st quarter. True North Advisors LLC now owns 1,847 shares of the computer hardware maker’s stock valued at $1,669,000 after buying an additional 459 shares in the last quarter. Finally, Cherrydale Wealth Management LLC raised its stake in NVIDIA by 16.7% in the 1st quarter. Cherrydale Wealth Management LLC now owns 1,924 shares of the computer hardware maker’s stock worth $1,738,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $113.54, for a total transaction of $13,624,800.00. Following the completion of the sale, the chief executive officer now directly owns 77,814,995 shares in the company, valued at $8,835,114,532.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This trade represents a 0.00 % 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 120,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $113.54, for a total transaction of $13,624,800.00. Following the completion of the transaction, the chief executive officer now owns 77,814,995 shares of the company’s stock, valued at $8,835,114,532.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,756,270 shares of company stock worth $318,992,727 over the last ninety days. Insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 price target on shares of NVIDIA in a research report on Monday, August 5th. KeyCorp lifted their target price on shares of NVIDIA from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Bank of America increased their price objective on shares of NVIDIA from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $115.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Needham & Company LLC boosted their price objective on NVIDIA from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.07.

NVIDIA Stock Performance

Shares of NVDA opened at $139.56 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. The stock has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 65.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $144.42. The stock’s 50-day simple moving average is $123.56 and its 200 day simple moving average is $113.50.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Research analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a share buyback plan on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

NVIDIA Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.88%.

About NVIDIA

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.