Avior Wealth Management LLC Purchases 9,104 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Avior Wealth Management LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 238,128 shares of the computer hardware maker's stock after acquiring an additional 9,104 shares during the quarter. NVIDIA makes up about 1.0% of Avior Wealth Management LLC's holdings, making the stock its 24th biggest holding. Avior Wealth Management LLC's holdings in NVIDIA were worth $25,808,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. True Link Financial Advisors LLC increased its stake in NVIDIA by 159.9% in the 1st quarter. True Link Financial Advisors LLC now owns 5,331 shares of the computer hardware maker's stock valued at $578,000 after buying an additional 3,280 shares during the period. Flagstone Financial Management increased its stake in NVIDIA by 31.9% in the 1st quarter. Flagstone Financial Management now owns 4,552 shares of the computer hardware maker's stock valued at $493,000 after buying an additional 1,101 shares during the period. LongView Wealth Management increased its stake in NVIDIA by 2.4% in the 1st quarter. LongView Wealth Management now owns 21,614 shares of the computer hardware maker's stock valued at $2,342,000 after buying an additional 500 shares during the period. River Street Advisors LLC increased its stake in NVIDIA by 2.5% in the 1st quarter. River Street Advisors LLC now owns 54,740 shares of the computer hardware maker's stock valued at $5,933,000 after buying an additional 1,358 shares during the period. Finally, Means Investment CO. Inc. increased its stake in NVIDIA by 10.5% in the 1st quarter. Means Investment CO. Inc. now owns 269,908 shares of the computer hardware maker's stock valued at $29,253,000 after buying an additional 25,617 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the completion of the sale, the chief executive officer directly owned 75,023,225 shares in the company, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 50,514 shares of NVIDIA stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,296,844 shares of company stock valued at $624,019,677 over the last quarter. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 1.1%

NVDA stock traded up $1.76 on Tuesday, reaching $160.00. The company's stock had a trading volume of 137,373,549 shares, compared to its average volume of 267,324,071. The business has a fifty day simple moving average of $137.37 and a two-hundred day simple moving average of $127.97. 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 firm has a market cap of $3.90 trillion, a PE ratio of 51.61, a PEG ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current 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 issued 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 0.03%. NVIDIA's payout ratio is presently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of several research reports. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Barclays upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Monday, June 16th. Loop Capital increased their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $176.47.

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.