Ballew Advisors Inc Grows Position in NVIDIA Corporation (NASDAQ:NVDA)

Ballew Advisors Inc boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 131.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,250 shares of the computer hardware maker's stock after purchasing an additional 4,692 shares during the period. Ballew Advisors Inc's holdings in NVIDIA were worth $915,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVDA. May Barnhard Investments LLC increased its stake in NVIDIA by 52.0% during the first quarter. May Barnhard Investments LLC now owns 13,863 shares of the computer hardware maker's stock worth $1,502,000 after acquiring an additional 4,742 shares during the last quarter. Union Bancaire Privee UBP SA lifted its stake in shares of NVIDIA by 14.4% in the 1st quarter. Union Bancaire Privee UBP SA now owns 1,267,678 shares of the computer hardware maker's stock valued at $134,660,000 after purchasing an additional 159,644 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of NVIDIA by 20.9% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 2,313,126 shares of the computer hardware maker's stock worth $250,697,000 after purchasing an additional 399,944 shares during the period. Bellecapital International Ltd. grew its holdings in shares of NVIDIA by 15.0% during the 1st quarter. Bellecapital International Ltd. now owns 39,724 shares of the computer hardware maker's stock worth $4,305,000 after purchasing an additional 5,185 shares during the period. Finally, Farrell Financial LLC increased its position in NVIDIA by 3.5% during the 1st quarter. Farrell Financial LLC now owns 3,688 shares of the computer hardware maker's stock worth $400,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent research reports. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Bank of America lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $175.78.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 55,282 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $144.71, for a total transaction of $7,999,858.22. Following the sale, the director now owns 1,944,718 shares in the company, valued at approximately $281,420,141.78. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,468,863 shares of company stock valued at $495,150,332. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA opened at $155.02 on Friday. The company has a market capitalization of $3.78 trillion, a P/E ratio of 50.01, a PEG ratio of 1.36 and a beta of 2.12. The company has a 50-day moving average of $129.83 and a 200-day moving average of $126.89. 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 1-year low of $86.62 and a 1-year high of $156.72.

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 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 analyst estimates of $43.09 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.

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