3Chopt Investment Partners LLC Increases Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

3Chopt Investment Partners LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,540 shares of the computer hardware maker's stock after purchasing an additional 4,350 shares during the period. NVIDIA accounts for 4.6% of 3Chopt Investment Partners LLC's holdings, making the stock its 3rd biggest position. 3Chopt Investment Partners LLC's holdings in NVIDIA were worth $17,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $54,000. Institutional investors own 65.27% of the company's stock.

Insider Activity

In related news, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 target price on the stock. Finally, Piper Sandler reissued an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.22.

NVIDIA Price Performance

NVIDIA stock opened at $172.41 on Monday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. The stock has a 50-day moving average price of $146.99 and a two-hundred day moving average price of $129.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's payout ratio is 1.29%.

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.

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