Carlton Hofferkamp & Jenks Wealth Management LLC Has $540,000 Stake in NVIDIA Corporation (NASDAQ:NVDA)

Carlton Hofferkamp & Jenks Wealth Management LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.2% during the first quarter, HoldingsChannel reports. The firm owned 5,172 shares of the computer hardware maker’s stock after selling 281 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in NVIDIA were worth $540,000 at the end of the most recent quarter.

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

NVIDIA Price Performance

NVDA opened at $157.25 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. The firm has a 50-day moving average of $134.36 and a 200 day moving average of $127.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market cap of $3.84 trillion, a P/E ratio of 50.73, a PEG ratio of 1.36 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.29%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,044,919 shares of company stock worth $584,414,209 over the last 90 days. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on NVDA. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, Citigroup reaffirmed a “buy” rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.78.

NVIDIA Company Profile

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.