Archer Investment Corp Has $2.48 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Archer Investment Corp lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,886 shares of the computer hardware maker's stock after selling 3,119 shares during the period. Archer Investment Corp's holdings in NVIDIA were worth $2,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jackson Creek Investment Advisors LLC acquired a new position in NVIDIA during the first quarter worth $377,000. Evergreen Wealth Management LLC raised its holdings in shares of NVIDIA by 2.2% in the 1st quarter. Evergreen Wealth Management LLC now owns 10,072 shares of the computer hardware maker's stock worth $1,092,000 after acquiring an additional 217 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in shares of NVIDIA in the 1st quarter worth about $11,434,000. JDH Wealth Management LLC raised its holdings in shares of NVIDIA by 7.5% in the 1st quarter. JDH Wealth Management LLC now owns 13,895 shares of the computer hardware maker's stock worth $1,506,000 after acquiring an additional 969 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. raised its stake in shares of NVIDIA by 6.1% in the first quarter. Alexander Labrunerie & CO. Inc. now owns 60,150 shares of the computer hardware maker's stock worth $6,519,000 after purchasing an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,837,440 shares of company stock worth $889,404,782 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $182.02 on Friday. The stock has a market cap of $4.44 trillion, a PE ratio of 58.72, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a fifty day moving average of $163.18 and a 200-day moving average of $135.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 analysts' expectations 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 last year, the firm posted $0.61 earnings per share. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Wells Fargo & Company increased their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Raymond James Financial increased their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $186.33.

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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