Hall Private Wealth Advisors Sells 1,688 Shares of NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Jul 1st, 2023

Hall Private Wealth Advisors cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 18.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,260 shares of the computer hardware maker’s stock after selling 1,688 shares during the period. NVIDIA accounts for 1.1% of Hall Private Wealth Advisors’ holdings, making the stock its 27th biggest holding. Hall Private Wealth Advisors’ holdings in NVIDIA were worth $2,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Personal Capital Advisors Corp lifted its position in NVIDIA by 29.9% during the fourth quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after acquiring an additional 143,483 shares during the last quarter. Avala Global LP purchased a new stake in NVIDIA during the fourth quarter valued at approximately $16,455,000. DGS Capital Management LLC lifted its position in NVIDIA by 9.0% during the fourth quarter. DGS Capital Management LLC now owns 3,036 shares of the computer hardware maker’s stock valued at $444,000 after acquiring an additional 250 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in NVIDIA by 22.7% during the first quarter. Valeo Financial Advisors LLC now owns 43,143 shares of the computer hardware maker’s stock valued at $11,984,000 after acquiring an additional 7,988 shares during the last quarter. Finally, Bill Few Associates Inc. raised its holdings in shares of NVIDIA by 3.7% in the first quarter. Bill Few Associates Inc. now owns 12,392 shares of the computer hardware maker’s stock worth $3,442,000 after buying an additional 441 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 3.6 %

NVDA stock opened at $423.02 on Friday. The stock has a market capitalization of $1.04 trillion, a P/E ratio of 220.32, a P/E/G ratio of 2.83 and a beta of 1.75. The firm has a 50-day simple moving average of $351.89 and a 200-day simple moving average of $262.71. The company has a quick ratio of 2.79, a current ratio of 3.43 and a debt-to-equity ratio of 0.40. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $439.90.

NVIDIA (NASDAQ:NVDA – Free Report) last released 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. The business had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. NVIDIA had a net margin of 18.52% and a return on equity of 23.63%. The company’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. Equities analysts forecast that NVIDIA Co. will post 6.31 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 8th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.16 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio is presently 8.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVDA shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of NVIDIA from $220.00 to $390.00 in a report on Thursday, May 25th. Robert W. Baird raised shares of NVIDIA from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $300.00 to $475.00 in a report on Thursday, May 25th. Wells Fargo & Company raised their price target on shares of NVIDIA from $320.00 to $450.00 in a report on Thursday, May 25th. Piper Sandler raised their price target on shares of NVIDIA from $440.00 to $450.00 in a report on Thursday. Finally, Oppenheimer raised their price target on shares of NVIDIA from $350.00 to $420.00 in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $392.70.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 283 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $424.53, for a total transaction of $120,141.99. Following the completion of the sale, the director now owns 2,401 shares of the company’s stock, valued at approximately $1,019,296.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $305.00, for a total value of $7,040,620.00. Following the transaction, the executive vice president now directly owns 139,860 shares in the company, valued at approximately $42,657,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 283 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $424.53, for a total transaction of $120,141.99. Following the completion of the transaction, the director now owns 2,401 shares in the company, valued at $1,019,296.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 368,271 shares of company stock valued at $147,115,953. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Company Profile

(Free Report)

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.