RVW Wealth LLC Purchases 11,292 Shares of NVIDIA Corporation $NVDA

RVW Wealth LLC increased its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 36.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,458 shares of the computer hardware maker’s stock after purchasing an additional 11,292 shares during the quarter. RVW Wealth LLC’s holdings in NVIDIA were worth $7,922,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVDA. XML Financial LLC boosted its stake in shares of NVIDIA by 8.5% in the 3rd quarter. XML Financial LLC now owns 63,119 shares of the computer hardware maker’s stock valued at $11,777,000 after purchasing an additional 4,925 shares during the last quarter. Delta Investment Management LLC boosted its stake in NVIDIA by 3.4% in the third quarter. Delta Investment Management LLC now owns 33,332 shares of the computer hardware maker’s stock valued at $6,219,000 after acquiring an additional 1,085 shares during the last quarter. Monarch Capital Management Inc. grew its holdings in NVIDIA by 25.8% during the 3rd quarter. Monarch Capital Management Inc. now owns 2,873 shares of the computer hardware maker’s stock worth $536,000 after acquiring an additional 589 shares during the period. Seascape Capital Management raised its position in shares of NVIDIA by 0.3% during the 3rd quarter. Seascape Capital Management now owns 44,376 shares of the computer hardware maker’s stock valued at $8,280,000 after acquiring an additional 139 shares during the last quarter. Finally, Altus Wealth Management LLC lifted its stake in shares of NVIDIA by 4.2% in the 3rd quarter. Altus Wealth Management LLC now owns 2,455 shares of the computer hardware maker’s stock valued at $458,000 after purchasing an additional 100 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NASDAQ NVDA opened at $184.94 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock has a market cap of $4.49 trillion, a price-to-earnings ratio of 45.89, a PEG ratio of 0.90 and a beta of 2.31. The business has a 50 day simple moving average of $184.78 and a 200 day simple moving average of $180.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 62.5% on a year-over-year basis. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 200,000 shares of NVIDIA stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $187.82, for a total value of $37,564,000.00. Following the sale, the executive vice president owned 3,818,547 shares of the company’s stock, valued at $717,199,497.54. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,836,474 shares of company stock worth $335,473,492. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, December 29th. Susquehanna raised their target price on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $350.00 price target (up from $280.00) on shares of NVIDIA in a research note on Thursday, December 18th. Loop Capital increased their price target on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $240.00 price objective (up previously from $210.00) on shares of NVIDIA in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus price target of $262.84.

Read Our Latest Analysis on NVIDIA

NVIDIA News Summary

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About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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