CSM Advisors LLC Purchases 11,320 Shares of NVIDIA Corporation $NVDA

CSM Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,510 shares of the computer hardware maker’s stock after buying an additional 11,320 shares during the quarter. CSM Advisors LLC’s holdings in NVIDIA were worth $19,827,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the second quarter worth $28,000. Spurstone Advisory Services LLC bought a new stake in NVIDIA during the 2nd quarter worth about $40,000. Kathleen S. Wright Associates Inc. boosted its stake 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 last quarter. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the 2nd quarter valued at about $55,000. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,949,931 shares of company stock valued at $531,605,955 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $265.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Arete upped their price objective on NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Loop Capital increased their price target on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.38 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 45.50, a PEG ratio of 0.88 and a beta of 2.29. The company has a 50-day simple moving average of $187.05 and a 200 day simple moving average of $171.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) 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 firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period last year, the business posted $0.81 earnings per share. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis 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%.

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.