NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Argentarii LLC

Key Points

• Argentarii LLC increased its stake in NVIDIA by 3.4% in the first quarter, holding a total of 106,532 shares valued at approximately $11.5 million, making it the firm's third-largest holding.
• Several other institutional investors have significantly adjusted their holdings in NVIDIA, with Norges Bank acquiring shares valued at over $43 billion, reflecting strong institutional interest in the stock.
• NVIDIA reported a miss on earnings with $0.81 EPS compared to expectations of $0.87, despite a revenue increase of 69.2% year-over-year to $44.06 billion.

Argentarii LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,532 shares of the computer hardware maker's stock after acquiring an additional 3,510 shares during the period. NVIDIA makes up approximately 5.7% of Argentarii LLC's investment portfolio, making the stock its 3rd largest position. Argentarii LLC's holdings in NVIDIA were worth $11,546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Tacita Capital Inc bought a new stake in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the sale, the chief executive officer directly owned 73,748,225 shares of the company's stock, valued at approximately $13,181,757,736.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,339,800 shares of company stock valued at $800,141,003 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 2.3%

Shares of NVDA stock traded down $4.15 during trading hours on Friday, hitting $173.72. 203,669,565 shares of the company were exchanged, compared to its average volume of 153,436,048. The firm has a market cap of $4.24 trillion, a P/E ratio of 56.04, a P/E/G ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30. 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 company has a 50 day simple moving average of $155.30 and a two-hundred day simple moving average of $132.32.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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). 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 business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James Financial increased their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price for the company. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, Mizuho set a $192.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $182.03.

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.