NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,889 shares of the computer hardware maker's stock after purchasing an additional 2,127 shares during the quarter. NVIDIA accounts for approximately 1.6% of Aletheian Wealth Advisors LLC's investment portfolio, making the stock its 16th biggest position. Aletheian Wealth Advisors LLC's holdings in NVIDIA were worth $2,806,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NVDA. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter valued at $40,000. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter worth about $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 1.5%

NVDA stock traded up $2.17 during midday trading on Thursday, hitting $145.00. 161,506,082 shares of the company's stock were exchanged, compared to its average volume of 276,827,751. The stock has a market capitalization of $3.54 trillion, a PE ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The business has a 50-day simple moving average of $120.91 and a two-hundred day simple moving average of $126.34.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $172.24.

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.