4,819 Shares in NVIDIA Corporation $NVDA Bought by Riverpoint Wealth Management Holdings LLC

Key Points

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Riverpoint Wealth Management Holdings LLC bought a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,819 shares of the computer hardware maker's stock, valued at approximately $522,000.

Several other institutional investors have also made changes to their positions in the company. Financial Sense Advisors Inc. purchased a new position in shares of NVIDIA in the first quarter worth approximately $1,195,000. Oakwell Private Wealth Management LLC boosted its holdings in shares of NVIDIA by 9.4% during the first quarter. Oakwell Private Wealth Management LLC now owns 42,039 shares of the computer hardware maker's stock worth $4,556,000 after purchasing an additional 3,622 shares during the period. Nelson Capital Management LLC boosted its holdings in shares of NVIDIA by 2.1% during the first quarter. Nelson Capital Management LLC now owns 1,029,559 shares of the computer hardware maker's stock worth $111,584,000 after purchasing an additional 21,518 shares during the period. Hartford Funds Management Co LLC boosted its holdings in shares of NVIDIA by 18.7% during the first quarter. Hartford Funds Management Co LLC now owns 26,313 shares of the computer hardware maker's stock worth $2,852,000 after purchasing an additional 4,153 shares during the period. Finally, PFG Advisors boosted its holdings in shares of NVIDIA by 9.7% during the first quarter. PFG Advisors now owns 187,891 shares of the computer hardware maker's stock worth $20,364,000 after purchasing an additional 16,657 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.9%

Shares of NASDAQ NVDA opened at $182.01 on Tuesday. The firm's 50-day simple moving average is $164.75 and its 200 day simple moving average is $135.95. The company has a market cap of $4.44 trillion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is 1.29%.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research reports. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Citigroup restated an "overweight" rating on shares of NVIDIA in a report on Monday. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Raymond James Financial lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $187.61.

NVIDIA 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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