Quattro Financial Advisors LLC Purchases New Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Quattro Financial Advisors LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,758 shares of the computer hardware maker’s stock, valued at approximately $1,925,000.

A number of other hedge funds have also made changes to their positions in the stock. Condor Capital Management raised its holdings in NVIDIA by 3.6% during the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker’s stock valued at $344,000 after buying an additional 89 shares in the last quarter. Kelly Financial Services LLC boosted its holdings in NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after acquiring an additional 94 shares during the period. Foundry Financial Group Inc. boosted its stake in NVIDIA by 2.2% during the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker’s stock valued at $589,000 after purchasing an additional 96 shares during the period. Mendel Capital Management LLC boosted its position in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock valued at $1,287,000 after acquiring an additional 96 shares during the period. Finally, Wallace Hart LLC raised its stake in NVIDIA by 3.9% during the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker’s stock valued at $349,000 after purchasing an additional 97 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $179.27 on Thursday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $153.55 and its two-hundred day moving average price is $131.72. The company has a market cap of $4.37 trillion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 1.55 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $179.89.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Activity

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the transaction, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $175.22, for a total value of $13,141,500.00. Following the transaction, the chief executive officer owned 73,898,225 shares in the company, valued at approximately $12,948,446,984.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,264,800 shares of company stock valued at $786,735,503. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Mizuho set a $192.00 price target on NVIDIA and gave the company an “outperform” rating in a report on Tuesday, July 15th. Bank of America upped their price objective on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, DA Davidson upped their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.03.

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.