Kingdom Financial Group LLC. Has $3.71 Million Stock Holdings in NVIDIA Corporation $NVDA

Kingdom Financial Group LLC. increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 159.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,906 shares of the computer hardware maker’s stock after acquiring an additional 12,224 shares during the quarter. NVIDIA makes up about 2.3% of Kingdom Financial Group LLC.’s portfolio, making the stock its 10th largest position. Kingdom Financial Group LLC.’s holdings in NVIDIA were worth $3,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC increased its holdings in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the second quarter worth approximately $40,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of NVIDIA in the 3rd quarter worth $50,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 1.6%

Shares of NASDAQ:NVDA opened at $186.94 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a market capitalization of $4.54 trillion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 0.58 and a beta of 2.31. The business has a fifty day moving average price of $184.71 and a two-hundred day moving average price of $183.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its 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 for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Tigress Financial reaffirmed a “strong-buy” rating and issued a $350.00 price objective (up from $280.00) on shares of NVIDIA in a research note on Thursday, December 18th. S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Arete Research boosted their price objective on NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, President Capital lifted their target price on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $264.20.

Get Our Latest Stock Report on NVIDIA

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 200,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $180.04, for a total value of $36,008,000.00. Following the completion of the sale, the executive vice president directly owned 3,618,547 shares of the company’s stock, valued at $651,483,201.88. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 222,500 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $180.17, for a total value of $40,087,825.00. Following the completion of the sale, the director owned 7,621,453 shares in the company, valued at approximately $1,373,157,187.01. The trade was a 2.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,611,474 shares of company stock worth $291,731,692. 4.17% of the stock is currently owned by company insiders.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

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.

Featured Stories

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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