NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Ayalon Insurance Comp Ltd.

Ayalon Insurance Comp Ltd. grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,725 shares of the computer hardware maker's stock after purchasing an additional 10,569 shares during the quarter. NVIDIA makes up 2.2% of Ayalon Insurance Comp Ltd.'s investment portfolio, making the stock its 16th largest position. Ayalon Insurance Comp Ltd.'s holdings in NVIDIA were worth $6,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth about $50,000. LSV Asset Management acquired a new position in NVIDIA during the fourth quarter worth about $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 worth $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 1.7%

Shares of NVDA traded up $2.78 during midday trading on Wednesday, hitting $162.78. The company had a trading volume of 132,173,194 shares, compared to its average volume of 266,917,020. The company's 50 day moving average price is $138.39 and its 200 day moving average price is $128.20. The stock has a market cap of $3.97 trillion, a price-to-earnings ratio of 52.48, a PEG ratio of 1.40 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $164.34. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Raymond James Financial upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $176.47.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $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. Over the last 90 days, insiders sold 4,296,844 shares of company stock valued at $624,019,677. Company insiders own 4.17% of the company's stock.

NVIDIA Company 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.