Altman Advisors Inc. Purchases 1,546 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Altman Advisors Inc. raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.0% during the first quarter, Holdings Channel reports. The firm owned 52,927 shares of the computer hardware maker’s stock after purchasing an additional 1,546 shares during the period. NVIDIA comprises 2.5% of Altman Advisors Inc.’s portfolio, making the stock its 7th largest holding. Altman Advisors Inc.’s holdings in NVIDIA were worth $5,765,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at $54,000. Finally, Delos Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 0.6%

NVDA stock opened at $183.16 on Wednesday. The company 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. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company’s 50 day moving average price is $161.55 and its two-hundred day moving average price is $134.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date 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 currently 1.29%.

Insider Activity

In other news, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,687,440 shares of company stock worth $862,095,782 over the last ninety days. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Piper Sandler reiterated an “overweight” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a research note on Thursday, July 10th. They issued a “buy” rating and a $185.00 target price for the company. Finally, BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.75.

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.