Moss Adams Wealth Advisors LLC Grows Stock Holdings in NVIDIA Corporation $NVDA

Moss Adams Wealth Advisors LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,748 shares of the computer hardware maker’s stock after purchasing an additional 6,810 shares during the quarter. NVIDIA comprises approximately 1.1% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 14th largest position. Moss Adams Wealth Advisors LLC’s holdings in NVIDIA were worth $14,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the fourth quarter worth $26,000. Longview Financial Advisors Inc. bought a new position in NVIDIA in the 1st quarter worth about $27,000. Longfellow Investment Management Co. LLC boosted its stake in NVIDIA by 47.9% in 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 in the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $40,000. Finally, Inspire Investing LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This represents a 11.77% 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 the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 in the last ninety days. Insiders own 3.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Cowen reaffirmed a “buy” rating and issued a $275.00 target price (up from $235.00) on shares of NVIDIA in a report on Friday, May 15th. President Capital increased their price target on shares of NVIDIA from $280.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. Stifel Nicolaus set a $282.00 price objective on NVIDIA and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Seaport Research Partners upped their price objective on NVIDIA from $140.00 to $180.00 and gave the company a “sell” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $303.84.

Read Our Latest Analysis on NVDA

NVIDIA Stock Performance

Shares of NVDA stock opened at $196.93 on Wednesday. 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 company has a 50 day moving average price of $209.91 and a 200-day moving average price of $193.94. NVIDIA Corporation has a 52 week low of $158.39 and a 52 week high of $236.54. The firm has a market capitalization of $4.77 trillion, a PE ratio of 30.16, a P/E/G ratio of 0.43 and a beta of 2.21.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $78.42 billion. During the same quarter last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Corporation will post 8.69 earnings per share for the current year.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were paid a $0.25 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

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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