TRUE Private Wealth Advisors Acquires 14,562 Shares of NVIDIA Corporation $NVDA

TRUE Private Wealth Advisors grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 26.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,046 shares of the computer hardware maker’s stock after purchasing an additional 14,562 shares during the quarter. NVIDIA makes up 1.2% of TRUE Private Wealth Advisors’ investment portfolio, making the stock its 21st largest holding. TRUE Private Wealth Advisors’ holdings in NVIDIA were worth $10,909,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NVDA. Anfield Capital Management LLC raised its position in NVIDIA by 2.6% in the second quarter. Anfield Capital Management LLC now owns 5,701 shares of the computer hardware maker’s stock worth $901,000 after acquiring an additional 147 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of NVIDIA during the 2nd quarter worth approximately $1,214,000. Brown Wealth Management LLC raised its holdings in shares of NVIDIA by 4.0% in the 2nd quarter. Brown Wealth Management LLC now owns 16,718 shares of the computer hardware maker’s stock worth $2,641,000 after purchasing an additional 638 shares during the period. Traub Capital Management LLC purchased a new position in NVIDIA in the second quarter valued at approximately $1,193,000. Finally, Highview Capital Management LLC DE grew its holdings in NVIDIA by 2.6% during the second quarter. Highview Capital Management LLC DE now owns 54,499 shares of the computer hardware maker’s stock valued at $8,610,000 after purchasing an additional 1,385 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NVDA shares. DA Davidson reaffirmed a “buy” rating and set a $250.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Citigroup boosted their price target on shares of NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Wedbush upped their price target on shares of NVIDIA from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $258.65.

NVIDIA Stock Up 1.5%

NVDA opened at $185.16 on Tuesday. The firm has a market capitalization of $4.50 trillion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a fifty day moving average price of $187.20 and a 200-day moving average price of $172.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was up 62.5% compared to the same quarter last year. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.42, for a total value of $13,231,500.00. Following the transaction, the chief executive officer owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,874,931 shares of company stock worth $518,877,705. Insiders own 4.17% of the company’s stock.

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.