Kingswood Wealth Advisors LLC Invests $6.64 Million in NVIDIA Co. (NASDAQ:NVDA)

Kingswood Wealth Advisors LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,702 shares of the computer hardware maker’s stock, valued at approximately $6,642,000. NVIDIA makes up 2.1% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors have also recently made changes to their positions in NVDA. Lineweaver Wealth Advisors LLC increased its position in shares of NVIDIA by 0.9% in the second quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock worth $1,029,000 after purchasing an additional 22 shares during the last quarter. BCM Advisors LLC increased its position in shares of NVIDIA by 0.8% in the second quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock worth $1,390,000 after purchasing an additional 23 shares during the last quarter. Von Berge Wealth Management Group LLC grew its position in NVIDIA by 2.6% during the second quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock valued at $393,000 after acquiring an additional 24 shares during the last quarter. LWM Advisory Services LLC grew its position in NVIDIA by 1.2% during the second quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock valued at $855,000 after acquiring an additional 24 shares during the last quarter. Finally, Kapstone Financial Advisors LLC grew its position in NVIDIA by 1.7% during the second quarter. Kapstone Financial Advisors LLC now owns 1,436 shares of the computer hardware maker’s stock valued at $668,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the completion of the transaction, the chief executive officer now directly owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the completion of the transaction, the chief executive officer now directly owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $468.08, for a total value of $10,063,720.00. Following the completion of the transaction, the director now owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,232 shares of company stock worth $67,606,089. 3.99% of the stock is owned by company insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $504.09 on Tuesday. NVIDIA Co. has a 52 week low of $138.84 and a 52 week high of $505.48. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $445.22 and a 200-day moving average price of $425.77.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The firm had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 101.5% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 9.66 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVDA. HSBC increased their price target on shares of NVIDIA from $600.00 to $780.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Stifel Nicolaus reissued a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a research note on Friday. Susquehanna increased their price objective on NVIDIA from $575.00 to $600.00 and gave the company a “positive” rating in a research note on Thursday, August 24th. JPMorgan Chase & Co. raised their price target on NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Finally, Morgan Stanley dropped their price target on NVIDIA from $630.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $571.49.

About NVIDIA

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.