BKA Wealth Consulting Inc. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 101.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,803 shares of the computer hardware maker’s stock after buying an additional 3,424 shares during the quarter. NVIDIA accounts for about 0.8% of BKA Wealth Consulting Inc.’s portfolio, making the stock its 28th largest position. BKA Wealth Consulting Inc.’s holdings in NVIDIA were worth $1,868,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cardinal Strategic Wealth Guidance acquired a new stake in NVIDIA during the 1st quarter worth about $237,000. James Hambro & Partners acquired a new stake in NVIDIA during the 1st quarter worth about $201,000. HighMark Wealth Management LLC lifted its position in NVIDIA by 56.4% during the 1st quarter. HighMark Wealth Management LLC now owns 1,639 shares of the computer hardware maker’s stock worth $455,000 after acquiring an additional 591 shares during the period. G&S Capital LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at about $1,247,000. Finally, PFG Advisors lifted its holdings in shares of NVIDIA by 0.5% in the 1st quarter. PFG Advisors now owns 21,335 shares of the computer hardware maker’s stock valued at $5,926,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.
NVIDIA Stock Up 1.0 %
NASDAQ:NVDA opened at $425.03 on Friday. 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 stock’s fifty day moving average is $367.20 and its two-hundred day moving average is $272.25. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $439.90. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 221.37, a price-to-earnings-growth ratio of 2.93 and a beta of 1.74.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 8th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, June 7th. NVIDIA’s payout ratio is currently 8.33%.
Insider Activity
In related news, Director John Dabiri sold 283 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $424.53, for a total value of $120,141.99. Following the transaction, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Colette Kress sold 6,124 shares of NVIDIA stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the sale, the chief financial officer now owns 538,745 shares in the company, valued at $219,005,229.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $424.53, for a total value of $120,141.99. Following the sale, the director now owns 2,401 shares in the company, valued at approximately $1,019,296.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 368,271 shares of company stock worth $147,115,953. Corporate insiders own 3.99% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Credit Suisse Group set a $275.00 price objective on NVIDIA in a report on Wednesday, March 22nd. UBS Group upped their price target on NVIDIA from $315.00 to $475.00 in a report on Thursday, May 25th. BMO Capital Markets upped their price target on NVIDIA from $350.00 to $450.00 in a report on Thursday, May 25th. Wedbush raised NVIDIA from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $290.00 to $490.00 in a report on Thursday, May 25th. Finally, TheStreet raised NVIDIA from a “c+” rating to a “b-” rating in a report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $399.19.
NVIDIA Profile
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.
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