NFP Retirement Inc. Buys 20,975 Shares of NVIDIA Corporation $NVDA

NFP Retirement Inc. grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 77.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,950 shares of the computer hardware maker’s stock after buying an additional 20,975 shares during the period. NFP Retirement Inc.’s holdings in NVIDIA were worth $7,576,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the second quarter valued at approximately $28,000. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the second quarter worth $40,000. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the 2nd quarter valued at $55,000. Finally, Campbell Capital Management Inc. raised its holdings 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 acquiring an additional 590 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NVDA shares. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Tuesday. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. CICC Research raised their target price on NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Jefferies Financial Group reiterated 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, DZ Bank reissued a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Down 0.3%

Shares of NASDAQ NVDA opened at $184.97 on Wednesday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The business has a fifty day moving average of $187.17 and a two-hundred day moving average of $173.11. The stock has a market cap of $4.49 trillion, a PE ratio of 45.90, a PEG ratio of 0.91 and a beta of 2.29.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 12,728 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 626 shares of NVIDIA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $179.42, for a total value of $112,316.92. Following the transaction, the director owned 17,792 shares in the company, valued at approximately $3,192,240.64. This represents a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,149,931 shares of company stock valued at $569,165,455. 4.17% of the stock is owned by company insiders.

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.