Walkner Condon Financial Advisors LLC Raises Holdings in NVIDIA Corporation $NVDA

Walkner Condon Financial Advisors LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 17.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,822 shares of the computer hardware maker’s stock after acquiring an additional 4,339 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in NVIDIA were worth $5,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Inspire Investing LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $44,000. Finally, AlphaCentric Advisors LLC purchased a new stake in NVIDIA in the fourth quarter valued at approximately $45,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 625 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the transaction, the director owned 14,163 shares in the company, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 in the last ninety days. 3.94% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVDA stock opened at $211.80 on Wednesday. The business has a 50 day moving average price of $209.87 and a 200 day moving average price of $194.76. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.13 trillion, a price-to-earnings ratio of 32.43, a PEG ratio of 0.45 and a beta of 2.21. NVIDIA Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue was up 85.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 8.8 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a share buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were given a $0.25 dividend. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s payout ratio is 15.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Daiwa Securities Group upped their price target on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price objective (up from $310.00) on shares of NVIDIA in a research note on Tuesday. New Street Research cut their price objective on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Bank of America reissued a “buy” rating and set a $350.00 target price (up from $320.00) on shares of NVIDIA in a research note on Thursday, May 21st. Finally, TD Cowen restated a “buy” rating and set a $275.00 target price (up from $235.00) on shares of NVIDIA in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.26.

View Our Latest Stock Report on NVIDIA

NVIDIA News Roundup

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NVIDIA Company Profile

(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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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