1,453 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by GW Henssler & Associates Ltd.

Posted by Defense World Staff on Jul 16th, 2023

GW Henssler & Associates Ltd. purchased a new position in NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,453 shares of the computer hardware maker’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC lifted its position in shares of NVIDIA by 1.8% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,103 shares of the computer hardware maker’s stock valued at $584,000 after buying an additional 37 shares in the last quarter. Westhampton Capital LLC lifted its holdings in NVIDIA by 0.7% in the 1st quarter. Westhampton Capital LLC now owns 5,545 shares of the computer hardware maker’s stock valued at $1,540,000 after purchasing an additional 40 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in NVIDIA by 1.0% in the 1st quarter. Naples Global Advisors LLC now owns 4,309 shares of the computer hardware maker’s stock valued at $1,197,000 after purchasing an additional 42 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in NVIDIA by 15.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 329 shares of the computer hardware maker’s stock valued at $91,000 after purchasing an additional 45 shares in the last quarter. Finally, Northstar Asset Management LLC lifted its holdings in NVIDIA by 0.9% in the 1st quarter. Northstar Asset Management LLC now owns 5,225 shares of the computer hardware maker’s stock valued at $1,451,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of research reports. Barclays raised their price objective on NVIDIA from $275.00 to $500.00 in a report on Thursday, May 25th. Daiwa Capital Markets upgraded NVIDIA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $408.00 to $475.00 in a report on Thursday, June 29th. Wells Fargo & Company raised their price objective on NVIDIA from $320.00 to $450.00 in a report on Thursday, May 25th. Piper Sandler raised their target price on NVIDIA from $440.00 to $450.00 in a research note on Thursday, June 29th. Finally, Mizuho raised their target price on NVIDIA from $290.00 to $400.00 in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $407.43.

Insider Activity at NVIDIA

In related 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 value of $7,040,620.00. Following the completion of the transaction, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 value of $7,040,620.00. Following the completion of the transaction, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 283 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $424.53, for a total value of $120,141.99. Following the completion of the transaction, the director now directly owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The disclosure for this sale can be found here. Insiders sold 368,271 shares of company stock valued at $147,115,953 over the last three months. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $454.69 on Friday. The stock has a 50-day simple moving average of $382.95 and a 200-day simple moving average of $282.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. The stock has a market capitalization of $1.12 trillion, a PE ratio of 236.82, a PEG ratio of 3.16 and a beta of 1.74. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $480.88.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 23.63% and a net margin of 18.52%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. On average, analysts predict that NVIDIA Co. will post 6.33 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA 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.