Frazier Financial Advisors LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 59.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,735 shares of the computer hardware maker’s stock after acquiring an additional 650 shares during the period. Frazier Financial Advisors LLC’s holdings in NVIDIA were worth $274,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter valued at approximately $51,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 2nd quarter worth approximately $55,000. Campbell Capital Management Inc. boosted its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the period. Finally, Westend Capital Management LLC grew its holdings in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 145 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Performance
Shares of NASDAQ:NVDA opened at $188.08 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market capitalization of $4.57 trillion, a price-to-earnings ratio of 53.58, a PEG ratio of 1.49 and a beta of 2.11. The firm’s 50-day moving average is $183.15 and its 200 day moving average is $161.90.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on NVDA shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a report on Friday, September 19th. Benchmark boosted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $233.75.
Check Out Our Latest Stock Analysis on NVIDIA
Insider Buying and Selling at NVIDIA
In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,476,577 shares of company stock valued at $623,934,187. Corporate 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.
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