TRUE Private Wealth Advisors Has $10.91 Million Position in NVIDIA Corporation $NVDA

TRUE Private Wealth Advisors grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 26.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,046 shares of the computer hardware maker’s stock after buying an additional 14,562 shares during the period. NVIDIA accounts for about 1.2% of TRUE Private Wealth Advisors’ holdings, making the stock its 21st biggest holding. TRUE Private Wealth Advisors’ holdings in NVIDIA were worth $10,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC raised its stake in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after buying an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. lifted its holdings in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the period. Finally, Nuveen LLC bought a new stake in NVIDIA during the first quarter valued at $15,089,414,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,874,931 shares of company stock valued at $518,877,705 over the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $185.16 on Tuesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock’s 50 day moving average is $187.20 and its 200-day moving average is $172.73. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 45.95, a PEG ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the business posted $0.81 EPS. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup lifted their price objective on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Bank of America lifted their target price on NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Argus reissued a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and set a $250.00 price target (up from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 price objective (up previously from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus target price of $258.65.

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.