NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Authentikos Wealth Advisory LLC

Authentikos Wealth Advisory LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 732.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,104 shares of the computer hardware maker's stock after purchasing an additional 24,728 shares during the quarter. NVIDIA comprises about 2.5% of Authentikos Wealth Advisory LLC's investment portfolio, making the stock its 13th biggest position. Authentikos Wealth Advisory LLC's holdings in NVIDIA were worth $3,046,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC raised its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "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. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. Finally, DA Davidson increased their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.19.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the company'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 transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer owned 75,323,225 shares of the company's stock, valued at $11,865,667,634.25. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,044,919 shares of company stock worth $584,414,209 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 1.3%

NVDA traded up $2.03 during trading on Thursday, hitting $159.28. The stock had a trading volume of 143,716,055 shares, compared to its average volume of 268,139,289. The stock has a 50 day simple moving average of $134.36 and a two-hundred day simple moving average of $127.45. The company has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a PEG ratio of 1.39 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $160.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.