Blue Barn Wealth LLC Grows Stock Holdings in NVIDIA Corporation $NVDA

Blue Barn Wealth LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 48.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,455 shares of the computer hardware maker’s stock after buying an additional 4,402 shares during the quarter. NVIDIA makes up 1.0% of Blue Barn Wealth LLC’s portfolio, making the stock its 25th biggest position. Blue Barn Wealth LLC’s holdings in NVIDIA were worth $2,126,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NVDA. Center for Financial Planning Inc. increased its position in shares of NVIDIA by 4.6% during the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares in the last quarter. Atria Investments Inc boosted its stake in NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after purchasing an additional 29,479 shares during the last quarter. Fielder Capital Group LLC increased its holdings in shares of NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp raised its stake in shares of NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its stake in shares of NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after purchasing an additional 3,542 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.9%

NASDAQ:NVDA opened at $181.46 on Wednesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The business has a fifty day moving average price of $186.88 and a 200-day moving average price of $171.35. The firm has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 51.70, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Thursday, November 20th. UBS Group reiterated a “buy” rating and issued a $235.00 price target on shares of NVIDIA in a research note on Thursday, November 20th. Jefferies Financial Group reissued a “buy” rating and set a $250.00 price objective (up from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Wedbush raised their target price on shares of NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Daiwa Capital Markets lifted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Five equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $258.65.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 626 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $179.42, for a total value of $112,316.92. Following the completion of the transaction, the director owned 17,792 shares of the company’s stock, valued at $3,192,240.64. The trade was a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,012,203 shares of company stock worth $542,065,894. Company insiders own 4.17% of the company’s stock.

NVIDIA 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.