Peak Financial Management Inc. Adds 298 NVIDIA Shares to Its Portfolio

In a recent investment move during the 3rd quarter, Peak Financial Management Inc. augmented its position in NVIDIA Corporation (NASDAQ:NVDA) by purchasing an additional 298 shares, expanding its shareholding by 11.0%. Following this acquisition, the firm's total share count in the computer hardware company increased to 3,010, valued at an estimated $1.309 million at the closing of the reporting period.

Other Investors' Activities with NVIDIA

Peak Financial Management wasn't the only institution adjusting its NVIDIA holdings. Peoples Financial Services CORP. established a new stake in the 3rd quarter, valued at $30,000. Marquette Asset Management LLC and MRP Capital Investments LLC followed suit in the 2nd quarter, with new positions valued at $34,000 and $42,000 respectively. Quarry LP joined in the 1st quarter with a $34,000 investment. A significant increase in holdings was noted with Perkins Coie Trust Co, which raised its NVIDIA stake by 350.0%, now owning 135 shares worth $59,000 after the 3rd quarter buy-in. Overall, institutional investors retain a major share in NVIDIA, holding 64.79% of the company’s stock.

A Closer Look at NVIDIA’s Stock Market Performance

NVIDIA's stock has seen both highs and lows, opening at $547.10 on a recent Friday. The company's metrics reflect a stable financial position, with a substantial market capitalization of $1.35 trillion and a PE ratio of 72.18. The stock hit a low of $161.65 and a high of $553.46 over a 12-month period, demonstrating significant volatility. However, its fiscal health appears strong, with a current ratio of 3.59, a quick ratio of 3.06, and a low debt-to-equity ratio of 0.25.

NVIDIA's recent quarterly report outshone expectations, posting an earnings per share (EPS) of $4.02, compared to the predicted $3.03. The revenue soared to $18.12 billion, beyond analyst expectations of $16.19 billion. The company's net margin stood at 42.10%, with an impressive return on equity of 72.28%. Looking ahead, NVIDIA is projected to have an EPS of 11.08 for the current fiscal year.

Dividends and Analyst Ratings

NVIDIA continues to reward its shareholders with dividend payouts, the most recent being $0.04 per share, culminating in an annualized dividend of $0.16 and a modest yield of 0.03%. Analysts remain optimistic about NVIDIA, with various reports suggesting strong buy recommendations and price targets averaging around $593.26.

Insider Trading within NVIDIA

The transaction records reveal that company insiders are actively engaged in stock trading. Director John Dabiri sold 218 shares, while Director Dawn E. Hudson offloaded 1,000 shares. Insiders sold over 119,216 shares in the last quarter, highlighting significant insider activity. Despite this, corporate insiders still possess 3.99% of NVIDIA’s shares.

About NVIDIA

NVIDIA Corporation is a major player in graphics, compute, and networking solutions across various regions, including the United States and China. Their Graphics segment is particularly known for the GeForce GPUs, popular among gamers, and their professional Quadro/NVIDIA RTX GPUs. Alongside hardware, NVIDIA also offers the GeForce NOW streaming service, automotive infotainment systems, and software like Omniverse for 3D design and virtual worlds.

Investment, Shares, NVIDIA