NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Aspire Private Capital LLC

Aspire Private Capital LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 27.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,345 shares of the computer hardware maker's stock after purchasing an additional 9,356 shares during the quarter. NVIDIA comprises 1.2% of Aspire Private Capital LLC's portfolio, making the stock its 23rd biggest holding. Aspire Private Capital LLC's holdings in NVIDIA were worth $4,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC raised its stake in NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA during the fourth quarter valued at $43,515,504,000. Finally, Northern Trust Corp raised its stake in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Bank of America lifted their target price on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $177.03.

NVIDIA Stock Up 1.2%

Shares of NVDA stock traded up $1.97 during mid-day trading on Friday, hitting $166.07. The stock had a trading volume of 121,011,616 shares, compared to its average volume of 266,143,885. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $167.84. The firm has a market capitalization of $4.05 trillion, a P/E ratio of 53.68, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. The firm's 50-day moving average is $140.52 and its two-hundred day moving average is $128.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,520,246 shares of company stock valued at $660,253,045. 4.17% of the stock is currently owned by insiders.

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.