Bay Colony Advisory Group Inc d b a Bay Colony Advisors Grows Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,596 shares of the computer hardware maker's stock after buying an additional 4,108 shares during the period. NVIDIA comprises about 1.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors' investment portfolio, making the stock its 9th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in NVIDIA were worth $12,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Tacita Capital Inc bought a new stake in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter worth $50,000. LSV Asset Management bought a new stake in NVIDIA in the fourth quarter worth $54,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $11,879,927,678.75. 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, Director A Brooke Seawell sold 50,514 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the sale, the director directly owned 1,974,784 shares of the company's stock, valued at approximately $312,746,542.08. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,296,844 shares of company stock valued at $624,019,677. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA traded up $1.15 on Tuesday, reaching $159.39. The company's stock had a trading volume of 20,862,588 shares, compared to its average volume of 266,889,734. The firm has a market cap of $3.89 trillion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The business has a 50-day moving average price of $137.37 and a 200 day moving average price of $127.97. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

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 for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Mizuho boosted their target price on shares of NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $176.47.

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.