NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,179 shares of the computer hardware maker’s stock after purchasing an additional 11,749 shares during the quarter. NVIDIA comprises about 1.5% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Kingsview Wealth Management LLC’s holdings in NVIDIA were worth $49,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Trivant Custom Portfolio Group LLC grew its position in shares of NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC increased its stake in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Susquehanna boosted their price target on NVIDIA from $1,050.00 to $1,100.00 and gave the stock a “positive” rating in a report on Monday. Sanford C. Bernstein increased their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. HSBC lifted their price objective on NVIDIA from $1,050.00 to $1,350.00 and gave the company a “buy” rating in a research note on Friday, May 10th. The Goldman Sachs Group upped their price target on shares of NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Evercore ISI started coverage on NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price target for the company. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,002.18.

NVIDIA Price Performance

NASDAQ:NVDA opened at $949.50 on Thursday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $886.29 and its 200 day moving average price is $696.36. NVIDIA Co. has a 52-week low of $298.06 and a 52-week high of $974.00. The firm has a market cap of $2.34 trillion, a P/E ratio of 79.52, a PEG ratio of 1.33 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 262.1% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Co. will post 23.18 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares in the company, valued at $945,366,393.82. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last three months. 4.23% of the stock is currently owned by insiders.

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.