Apella Capital LLC Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

Apella Capital LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 184.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,720 shares of the computer hardware maker's stock after purchasing an additional 58,855 shares during the period. Apella Capital LLC's holdings in NVIDIA were worth $10,372,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Triangle Securities Wealth Management raised its stake in shares of NVIDIA by 6.0% during the first quarter. Triangle Securities Wealth Management now owns 17,328 shares of the computer hardware maker's stock worth $1,878,000 after buying an additional 985 shares during the last quarter. Heritage Family Offices LLP raised its stake in shares of NVIDIA by 26.4% during the first quarter. Heritage Family Offices LLP now owns 5,439 shares of the computer hardware maker's stock worth $589,000 after buying an additional 1,137 shares during the last quarter. Level Financial Advisors raised its stake in shares of NVIDIA by 8.9% during the first quarter. Level Financial Advisors now owns 4,756 shares of the computer hardware maker's stock worth $515,000 after buying an additional 387 shares during the last quarter. Presilium Private Wealth LLC raised its stake in shares of NVIDIA by 26.8% during the first quarter. Presilium Private Wealth LLC now owns 3,327 shares of the computer hardware maker's stock worth $361,000 after buying an additional 703 shares during the last quarter. Finally, Clarus Wealth Advisors raised its stake in shares of NVIDIA by 17.3% during the first quarter. Clarus Wealth Advisors now owns 23,540 shares of the computer hardware maker's stock worth $2,691,000 after buying an additional 3,480 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent research reports. Raymond James Financial boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $173.05.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $1.36 during trading on Wednesday, hitting $145.48. The stock had a trading volume of 160,943,826 shares, compared to its average volume of 274,874,787. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $124.96 and a two-hundred day simple moving average of $126.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. Insiders own 4.17% of the company's stock.

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.