Plotkin Financial Advisors LLC Has $2.56 Million Position in NVIDIA Corporation $NVDA

Plotkin Financial Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 47.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,195 shares of the computer hardware maker’s stock after buying an additional 5,230 shares during the quarter. NVIDIA makes up about 1.4% of Plotkin Financial Advisors LLC’s portfolio, making the stock its 19th biggest position. Plotkin Financial Advisors LLC’s holdings in NVIDIA were worth $2,559,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. bought a new position in NVIDIA in the second quarter valued at $28,000. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the 2nd quarter worth about $40,000. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at about $55,000. Finally, Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial increased their price objective on NVIDIA from $228.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research note on Monday, December 1st. Susquehanna lifted their price target on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Loop Capital upped their price objective on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $258.65.

NVIDIA Price Performance

NVIDIA stock opened at $182.41 on Friday. The company has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock’s 50 day moving average is $187.13 and its 200-day moving average is $172.08.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $54.66 billion. During the same period in the previous year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,949,931 shares of company stock valued at $531,605,955. 4.17% of the stock is owned by company insiders.

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.