Crowley Wealth Management Inc. Has $584,000 Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Crowley Wealth Management Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 24.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,390 shares of the computer hardware maker’s stock after acquiring an additional 1,063 shares during the quarter. Crowley Wealth Management Inc.’s holdings in NVIDIA were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter worth about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter valued at about $50,000. Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter worth about $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $4,398,405.00. Following the transaction, the chief financial officer now directly owns 3,012,166 shares in the company, valued at approximately $434,384,458.86. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 50,000 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the completion of the sale, the chief executive officer now directly owns 75,723,225 shares of the company’s stock, valued at $10,923,832,438.50. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,792,267 shares of company stock worth $544,823,117. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $157.75 on Friday. The stock has a market cap of $3.85 trillion, a price-to-earnings ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. The firm’s 50-day simple moving average is $130.96 and its 200 day simple moving average is $127.05.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. Citigroup reiterated a “buy” rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Loop Capital boosted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $175.78.

Check Out Our Latest Analysis on NVIDIA

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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