NVIDIA Corporation $NVDA Holdings Boosted by Slagle Financial LLC

Slagle Financial LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,544 shares of the computer hardware maker’s stock after purchasing an additional 9,827 shares during the quarter. NVIDIA makes up 5.2% of Slagle Financial LLC’s holdings, making the stock its biggest position. Slagle Financial LLC’s holdings in NVIDIA were worth $12,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the second quarter worth approximately $28,000. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter valued at $40,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 2nd quarter worth $55,000. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the first 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 in the last quarter. Finally, Westend Capital Management LLC grew its holdings in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. HSBC set a $320.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Wedbush raised their target price on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Zacks Research upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, President Capital lifted their price target on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Down 0.5%

Shares of NASDAQ NVDA opened at $182.41 on Friday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $187.13 and its two-hundred day moving average is $172.08. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The firm has a market cap of $4.43 trillion, a price-to-earnings ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was up 62.5% on a year-over-year basis. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

About NVIDIA

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.