Kingswood Wealth Advisors LLC Purchases Shares of 15,702 NVIDIA Co. (NASDAQ:NVDA)

Kingswood Wealth Advisors LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDAFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,702 shares of the computer hardware maker’s stock, valued at approximately $6,642,000. NVIDIA accounts for approximately 2.1% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Nordwand Advisors LLC acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $28,000. Marquette Asset Management LLC acquired a new position in shares of NVIDIA during the 2nd quarter worth approximately $34,000. Quarry LP acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $34,000. Compass Wealth Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth approximately $39,000. Finally, MRP Capital Investments LLC purchased a new stake in shares of NVIDIA during the second quarter worth approximately $42,000. 64.79% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $504.09 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.25 trillion, a price-to-earnings ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The stock’s 50-day moving average price is $445.22 and its 200 day moving average price is $425.77. NVIDIA Co. has a 12-month low of $138.84 and a 12-month high of $505.48.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. The company had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. NVIDIA’s revenue for the quarter was up 101.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 9.66 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 21,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the sale, the director now owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark A. Stevens sold 21,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the sale, the director now owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now directly owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The disclosure for this sale can be found here. Insiders have sold 145,232 shares of company stock valued at $67,606,089 in the last quarter. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVDA. Phillip Securities upgraded NVIDIA from an “accumulate” rating to a “buy” rating in a research report on Monday, August 28th. UBS Group boosted their price target on NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Piper Sandler reiterated an “overweight” rating and set a $620.00 price target on shares of NVIDIA in a research report on Friday. Bank of America boosted their price target on NVIDIA from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Susquehanna upped their target price on NVIDIA from $575.00 to $600.00 and gave the company a “positive” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $571.49.

Check Out Our Latest Stock Analysis on NVIDIA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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