Greenup Street Wealth Management LLC Buys 2,797 Shares of NVIDIA Corporation $NVDA

Greenup Street Wealth Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.6% in the 3rd quarter, Holdings Channel reports. The fund owned 52,487 shares of the computer hardware maker’s stock after buying an additional 2,797 shares during the quarter. NVIDIA comprises about 1.5% of Greenup Street Wealth Management LLC’s holdings, making the stock its 12th largest position. Greenup Street Wealth Management LLC’s holdings in NVIDIA were worth $9,793,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA in the second quarter worth approximately $51,386,863,000. Nuveen LLC bought a new position in NVIDIA during the first quarter valued at approximately $15,089,414,000. Laurel Wealth Advisors LLC raised its stake in shares of NVIDIA by 15,496.1% during the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after acquiring an additional 21,725,326 shares in the last quarter. Finally, Amundi lifted its holdings in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. KeyCorp lifted their target price on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of NVIDIA in a research note on Monday, December 29th. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Monday, December 29th. Finally, Rosenblatt Securities lifted their price target on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $262.14.

View Our Latest Analysis on NVDA

Trending Headlines about NVIDIA

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Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the sale, the director directly owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the transaction, the director directly owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. This represents a 4.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,861,474 shares of company stock worth $340,422,492 over the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $188.85 on Monday. 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 Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market cap of $4.59 trillion, a P/E ratio of 46.86, a P/E/G ratio of 0.92 and a beta of 2.31. The business’s 50 day moving average price is $186.62 and its 200-day moving average price is $178.53.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm’s revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

NVIDIA Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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