Bailard Inc. Buys 224,741 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Bailard Inc. lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,020,409 shares of the computer hardware maker's stock after acquiring an additional 224,741 shares during the quarter. NVIDIA makes up approximately 2.9% of Bailard Inc.'s investment portfolio, making the stock its 4th largest position. Bailard Inc.'s holdings in NVIDIA were worth $110,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Copia Wealth Management acquired a new position in NVIDIA in the 4th quarter valued at about $50,000. LSV Asset Management acquired a new position in NVIDIA in the 4th quarter valued at about $54,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% in 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 last quarter. Finally, Delos Wealth Advisors LLC grew its stake in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $181.38, for a total transaction of $13,603,500.00. Following the completion of the sale, the chief executive officer owned 72,998,225 shares in the company, valued at approximately $13,240,418,050.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,837,440 shares of company stock valued at $889,404,782. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 0.8%

NASDAQ NVDA opened at $181.62 on Thursday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.43 trillion, a P/E ratio of 58.59, a PEG ratio of 1.61 and a beta of 2.14. The business has a fifty day simple moving average of $162.34 and a 200 day simple moving average of $134.56. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 period in the previous year, the company posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given 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 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Analyst Ratings Changes

A number of brokerages recently commented on NVDA. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Benchmark restated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Morgan Stanley increased their price target on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $185.97.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.