Beacon Financial Advisory LLC Has $3.19 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Beacon Financial Advisory LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 9.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,457 shares of the computer hardware maker’s stock after selling 3,119 shares during the quarter. NVIDIA comprises approximately 1.0% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 16th biggest holding. Beacon Financial Advisory LLC’s holdings in NVIDIA were worth $3,193,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Board of the Pension Protection Fund boosted its stake in NVIDIA by 100.0% during the 1st quarter. Board of the Pension Protection Fund now owns 4,800 shares of the computer hardware maker’s stock worth $520,000 after acquiring an additional 2,400 shares during the last quarter. Boyd Wealth Management LLC boosted its stake in NVIDIA by 3.8% during the 1st quarter. Boyd Wealth Management LLC now owns 3,251 shares of the computer hardware maker’s stock worth $352,000 after acquiring an additional 120 shares during the last quarter. Tanager Wealth Management LLP boosted its stake in NVIDIA by 10.6% during the 1st quarter. Tanager Wealth Management LLP now owns 10,267 shares of the computer hardware maker’s stock worth $1,114,000 after acquiring an additional 987 shares during the last quarter. Elite Life Management LLC boosted its stake in NVIDIA by 3.8% during the 1st quarter. Elite Life Management LLC now owns 14,498 shares of the computer hardware maker’s stock worth $1,571,000 after acquiring an additional 527 shares during the last quarter. Finally, Falcon Wealth Planning boosted its stake in NVIDIA by 7.7% during the 1st quarter. Falcon Wealth Planning now owns 40,970 shares of the computer hardware maker’s stock worth $4,440,000 after acquiring an additional 2,913 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, June 17th. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $181.22.

NVIDIA Trading Down 0.3%

NVDA stock opened at $172.41 on Friday. 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 company’s 50-day simple moving average is $146.99 and its 200 day simple moving average is $129.90. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.25. The company has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13.

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

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock worth $734,906,003 over the last three months. 4.17% of the stock is owned by insiders.

About NVIDIA

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.