Advisory Services Network LLC Grows Holdings in NVIDIA Corporation $NVDA

Advisory Services Network LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 5.2% in the second quarter, Holdings Channel reports. The institutional investor owned 1,269,375 shares of the computer hardware maker’s stock after acquiring an additional 62,827 shares during the period. NVIDIA makes up about 3.2% of Advisory Services Network LLC’s investment portfolio, making the stock its biggest holding. Advisory Services Network LLC’s holdings in NVIDIA were worth $200,549,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Center for Financial Planning Inc. increased its stake in shares of NVIDIA by 4.6% in the 2nd 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 grew its holdings in NVIDIA by 3.2% in the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after purchasing an additional 29,479 shares during the period. Fielder Capital Group LLC raised its holdings in shares of NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after purchasing an additional 4,444 shares during the period. MADDEN SECURITIES Corp boosted its position in shares of NVIDIA by 3.2% during the 2nd 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 in the last quarter. Finally, ORG Wealth Partners LLC grew its stake in shares of NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after buying an additional 3,542 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVDA. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. President Capital lifted their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 28th. Bank of America raised their price target on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Seaport Global Securities raised their target price on NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a report on Monday, November 17th. Finally, Wolfe Research upped their price target on NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $258.65.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the completion of the transaction, the chief executive officer directly owned 71,158,203 shares in the company, valued at approximately $12,974,986,735.02. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,754,474 shares of company stock worth $499,562,617. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 3.3%

Shares of NASDAQ:NVDA opened at $175.02 on Monday. The company has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a 50 day moving average of $186.69 and a two-hundred day moving average of $174.09. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last announced 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. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. 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 prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 payout ratio is 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.