Aurora Private Wealth Inc. Reduces Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Jun 20th, 2023

Aurora Private Wealth Inc. lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 71.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,874 shares of the computer hardware maker’s stock after selling 4,582 shares during the quarter. Aurora Private Wealth Inc.’s holdings in NVIDIA were worth $521,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NVDA. Personal Capital Advisors Corp lifted its holdings in shares of NVIDIA by 29.9% in the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock worth $91,001,000 after buying an additional 143,483 shares during the period. Avala Global LP purchased a new stake in shares of NVIDIA in the 4th quarter worth $16,455,000. DGS Capital Management LLC lifted its holdings in shares of NVIDIA by 9.0% in the 4th quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock worth $444,000 after buying an additional 250 shares during the period. Dash Acquisitions Inc. purchased a new stake in shares of NVIDIA in the 1st quarter worth $284,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of NVIDIA by 66.8% in the 4th quarter. Lindbrook Capital LLC now owns 18,702 shares of the computer hardware maker’s stock worth $2,733,000 after buying an additional 7,492 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on NVIDIA from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday. BNP Paribas upgraded NVIDIA from an “underperform” rating to a “neutral” rating and set a $230.00 price objective for the company in a research note on Tuesday, March 21st. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a research note on Monday, March 20th. Craig Hallum upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research note on Thursday, May 25th. Finally, Wells Fargo & Company upped their price objective on NVIDIA from $320.00 to $450.00 in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $382.43.

Insiders Place Their Bets

In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $274.55, for a total transaction of $1,372,750.00. Following the transaction, the director now owns 85,350 shares in the company, valued at $23,432,842.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $274.55, for a total transaction of $1,372,750.00. Following the transaction, the director now owns 85,350 shares in the company, valued at $23,432,842.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 119,795 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $403.17, for a total value of $48,297,750.15. Following the transaction, the director now owns 676,396 shares in the company, valued at approximately $272,702,575.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,386 shares of company stock worth $97,248,000. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Up 0.1 %

Shares of NVDA opened at $426.92 on Tuesday. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $437.21. The company has a quick ratio of 2.79, a current ratio of 3.43 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 222.36, a PEG ratio of 2.95 and a beta of 1.75. The stock’s 50-day moving average price is $324.87 and its 200-day moving average price is $247.99.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The firm had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The company’s revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 6.29 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 8th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is currently 8.33%.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.