Beacon Capital Management LLC Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

Beacon Capital Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,138 shares of the computer hardware maker's stock after acquiring an additional 3,672 shares during the period. NVIDIA comprises 1.1% of Beacon Capital Management LLC's holdings, making the stock its 16th largest holding. Beacon Capital Management LLC's holdings in NVIDIA were worth $8,143,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth $50,000. Bruce G. Allen Investments LLC lifted its stake in shares of 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 acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on NVDA shares. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.47.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $157.53, for a total value of $11,814,750.00. Following the transaction, the chief executive officer directly owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock valued at $584,414,209 over the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.7%

NVIDIA stock traded down $1.10 during mid-day trading on Monday, reaching $158.24. The stock had a trading volume of 139,752,171 shares, compared to its average volume of 267,843,050. 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 fifty-two week low of $86.62 and a fifty-two week high of $160.98. The stock's 50-day simple moving average is $136.38 and its 200-day simple moving average is $127.81. The firm has a market capitalization of $3.86 trillion, a PE ratio of 51.05, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

About NVIDIA

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.