Schrum Private Wealth Management LLC Raises Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Schrum Private Wealth Management LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 26.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,702 shares of the computer hardware maker’s stock after acquiring an additional 1,180 shares during the period. Schrum Private Wealth Management LLC’s holdings in NVIDIA were worth $618,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the last quarter. LSV Asset Management bought a new stake in NVIDIA in the 4th quarter worth approximately $54,000. Finally, Delos Wealth Advisors LLC lifted its position in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total value of $13,678,500.00. Following the transaction, the chief executive officer owned 73,223,225 shares of the company’s stock, valued at approximately $13,354,451,775.50. This represents a 0.10% 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, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock worth $862,095,782 over the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Up 0.6%

NVIDIA stock opened at $183.16 on Wednesday. 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 Corporation has a one year low of $86.62 and a one year high of $184.48. The stock has a market capitalization of $4.47 trillion, a PE ratio of 59.08, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. The business’s fifty day moving average is $161.55 and its 200 day moving average is $134.24.

NVIDIA (NASDAQ:NVDA) last released 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same period last year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm 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 dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup boosted their target price on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Morgan Stanley boosted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.75.

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.