Opal Wealth Advisors LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

Opal Wealth Advisors LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,103 shares of the computer hardware maker’s stock after selling 275 shares during the period. NVIDIA accounts for 0.5% of Opal Wealth Advisors LLC’s holdings, making the stock its 28th biggest position. Opal Wealth Advisors LLC’s holdings in NVIDIA were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in NVIDIA during the fourth quarter valued at $44,000. RFG Advisory LLC lifted its holdings in NVIDIA by 9.1% during the fourth quarter. RFG Advisory LLC now owns 6,455 shares of the computer hardware maker’s stock valued at $1,899,000 after purchasing an additional 536 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in NVIDIA by 15.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 511,880 shares of the computer hardware maker’s stock valued at $150,565,000 after purchasing an additional 69,066 shares in the last quarter. TFC Financial Management lifted its stake in shares of NVIDIA by 17.9% in the fourth quarter. TFC Financial Management now owns 1,199 shares of the computer hardware maker’s stock worth $353,000 after buying an additional 182 shares in the last quarter. Finally, MV Capital Management Inc. lifted its stake in shares of NVIDIA by 12.2% in the fourth quarter. MV Capital Management Inc. now owns 1,060 shares of the computer hardware maker’s stock worth $312,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 55.19% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $189.89 on Friday. The stock has a market cap of $474.73 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 2.95 and a beta of 1.65. The business has a fifty day simple moving average of $169.18 and a 200-day simple moving average of $205.64. The company has a quick ratio of 4.75, a current ratio of 5.32 and a debt-to-equity ratio of 0.42. NVIDIA Co. has a 12 month low of $140.55 and a 12 month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings data on Wednesday, May 25th. The computer hardware maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.09. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period last year, the company earned $0.78 earnings per share. NVIDIA’s quarterly revenue was up 46.4% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.48 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.16 annualized dividend and a yield of 0.08%. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research analyst reports. Mizuho reduced their target price on NVIDIA from $345.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Raymond James lowered their target price on NVIDIA from $365.00 to $250.00 in a report on Thursday, May 26th. Barclays decreased their price objective on NVIDIA from $295.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. UBS Group decreased their price objective on NVIDIA from $350.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Finally, Atlantic Securities cut their target price on NVIDIA to $205.00 in a research report on Thursday, May 26th. Seven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $252.24.

Insider Buying and Selling at NVIDIA

In other news, EVP Debora Shoquist sold 23,644 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares of the company’s stock, valued at $35,100,377.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Mark A. Stevens sold 113,850 shares of NVIDIA stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the sale, the director now directly owns 2,596,493 shares of the company’s stock, valued at $410,323,788.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Debora Shoquist sold 23,644 shares of NVIDIA stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $188.23, for a total value of $4,450,510.12. Following the sale, the executive vice president now directly owns 186,476 shares in the company, valued at $35,100,377.48. The disclosure for this sale can be found here. Insiders have sold a total of 139,694 shares of company stock worth $22,850,524 over the last three months. Corporate insiders own 4.04% of the company’s stock.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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