Autumn Glory Partners LLC Has $1.27 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Autumn Glory Partners LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 64.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,702 shares of the computer hardware maker's stock after purchasing an additional 4,602 shares during the period. Autumn Glory Partners LLC's holdings in NVIDIA were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $50,000. LSV Asset Management purchased a new position in NVIDIA during the fourth quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 50,514 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the sale, the director owned 1,974,784 shares of the company's stock, valued at $312,746,542.08. The trade was a 2.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the completion of the sale, the chief executive officer owned 75,023,225 shares in the company, valued at $11,879,927,678.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,296,844 shares of company stock worth $624,019,677 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock traded up $1.76 on Tuesday, hitting $160.00. The company's stock had a trading volume of 137,191,824 shares, compared to its average volume of 267,323,344. The firm has a market cap of $3.90 trillion, a P/E ratio of 51.61, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. 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 company has a fifty day moving average price of $137.37 and a 200-day moving average price of $127.97. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98.

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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Mizuho boosted their price objective on shares of NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research 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 issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $176.47.

About NVIDIA

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.