Proactive Wealth Strategies LLC Has $5.98 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Proactive Wealth Strategies LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 55,128 shares of the computer hardware maker’s stock after buying an additional 3,509 shares during the period. NVIDIA makes up 3.2% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 3rd biggest holding. Proactive Wealth Strategies LLC’s holdings in NVIDIA were worth $5,975,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth approximately $50,000. LSV Asset Management bought a new position in NVIDIA in the fourth quarter worth approximately $54,000. Finally, Bruce G. Allen Investments LLC grew its stake in 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 acquiring an additional 327 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $170.70 on Wednesday. The company has a market capitalization of $4.17 trillion, a PE ratio of 55.06, a PEG ratio of 1.45 and a beta of 2.13. The business has a fifty day moving average price of $143.67 and a 200-day moving average price of $129.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $172.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho set a $192.00 price objective on shares of NVIDIA in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Arete Research upgraded NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Finally, Raymond James Financial upped their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.92.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,767,150 shares of company stock valued at $701,030,045. Insiders own 4.17% of the company’s stock.

NVIDIA 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.