Obermeyer Wealth Partners Acquires 11,463 Shares of NVIDIA Corporation $NVDA

Obermeyer Wealth Partners increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 330,730 shares of the computer hardware maker’s stock after purchasing an additional 11,463 shares during the period. NVIDIA comprises about 1.9% of Obermeyer Wealth Partners’ portfolio, making the stock its 17th largest holding. Obermeyer Wealth Partners’ holdings in NVIDIA were worth $35,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Condor Capital Management grew its stake in shares of NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock worth $344,000 after buying an additional 89 shares in the last quarter. High Note Wealth LLC grew its stake in shares of NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock worth $1,937,000 after buying an additional 91 shares in the last quarter. Kelly Financial Services LLC grew its stake in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after buying an additional 94 shares in the last quarter. Mendel Capital Management LLC boosted its stake in shares of NVIDIA by 0.8% during the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock worth $1,287,000 after purchasing an additional 96 shares during the period. Finally, Affiance Financial LLC boosted its stake in shares of NVIDIA by 0.7% during the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker’s stock worth $1,479,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $182.01 on Tuesday. The company has a 50 day moving average of $164.75 and a two-hundred day moving average of $135.95. The company has a market cap of $4.44 trillion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last posted 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 return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 over the last quarter. Insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. The Goldman Sachs Group began coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a “buy” rating and a $185.00 price target for the company. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Finally, Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $187.61.

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.