Aljian Capital Management LLC Acquires 3,455 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Aljian Capital Management LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,834 shares of the computer hardware maker's stock after purchasing an additional 3,455 shares during the period. NVIDIA makes up about 6.7% of Aljian Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Aljian Capital Management LLC's holdings in NVIDIA were worth $28,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter valued at about $38,000. Copia Wealth Management acquired a new position in NVIDIA in the fourth quarter valued at about $50,000. Bruce G. Allen Investments LLC grew its position 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 buying an additional 327 shares during the period. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The stock was 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 of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $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 sold a total of 5,114,800 shares of company stock valued at $760,553,003 over the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $2.60 during trading hours on Thursday, reaching $173.38. The company's stock had a trading volume of 87,293,891 shares, compared to its average volume of 251,909,938. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market cap of $4.23 trillion, a P/E ratio of 55.93, a P/E/G ratio of 1.47 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.25. The firm has a 50 day moving average price of $149.41 and a 200-day moving average price of $130.53.

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

NVIDIA Dividend Announcement

The company also recently announced 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 of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's payout ratio is 1.29%.

Analysts Set New Price Targets

Several research firms have commented on NVDA. Mizuho set a $192.00 target price on NVIDIA and gave the company an "outperform" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group started coverage on shares of NVIDIA in a research note on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target on the stock. Citigroup upped their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Oppenheimer increased their target price on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $181.22.

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.