NVIDIA Co. (NASDAQ:NVDA) Position Increased by Vahanian & Associates Financial Planning Inc.

Posted by Defense World Staff on Jul 1st, 2023

Vahanian & Associates Financial Planning Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,498 shares of the computer hardware maker’s stock after purchasing an additional 78 shares during the period. NVIDIA comprises about 1.2% of Vahanian & Associates Financial Planning Inc.’s portfolio, making the stock its 29th largest holding. Vahanian & Associates Financial Planning Inc.’s holdings in NVIDIA were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. GoalVest Advisory LLC boosted its holdings in shares of NVIDIA by 124.1% during the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after acquiring an additional 108 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of NVIDIA during the first quarter valued at $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of NVIDIA during the fourth quarter valued at $34,000. Financial Connections Group Inc. boosted its holdings in shares of NVIDIA by 605.7% during the fourth quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock valued at $36,000 after acquiring an additional 212 shares during the period. Finally, NewSquare Capital LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $37,000. Institutional investors own 64.00% of the company’s stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 6,124 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total value of $2,489,467.24. Following the completion of the sale, the chief financial officer now owns 538,745 shares of the company’s stock, valued at approximately $219,005,229.95. The sale was disclosed in a document filed with the SEC, which is available at this link. In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 6,124 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total value of $2,489,467.24. Following the sale, the chief financial officer now directly owns 538,745 shares of the company’s stock, valued at approximately $219,005,229.95. 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. 3.99% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA opened at $423.02 on Friday. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 220.32, a P/E/G ratio of 2.83 and a beta of 1.75. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $439.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.43 and a quick ratio of 2.79. The business’s 50-day moving average is $351.89 and its 200-day moving average is $262.71.

NVIDIA (NASDAQ:NVDA – Free Report) last issued its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.52 billion. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Equities research analysts expect that NVIDIA Co. will post 6.31 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. Susquehanna boosted their price target on shares of NVIDIA from $350.00 to $450.00 in a report on Thursday, May 25th. Sanford C. Bernstein upped their price objective on shares of NVIDIA from $300.00 to $475.00 in a report on Thursday, May 25th. Piper Sandler upped their price objective on shares of NVIDIA from $440.00 to $450.00 in a report on Thursday. Westpark Capital assumed coverage on shares of NVIDIA in a report on Wednesday, March 22nd. They issued a “hold” rating for the company. Finally, Craig Hallum raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $392.70.

About NVIDIA

(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.