Bogart Wealth LLC Acquires 66,101 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Bogart Wealth LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 54.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 187,245 shares of the computer hardware maker's stock after purchasing an additional 66,101 shares during the period. NVIDIA comprises about 1.0% of Bogart Wealth LLC's investment portfolio, making the stock its 19th biggest holding. Bogart Wealth LLC's holdings in NVIDIA were worth $20,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NVIDIA during the fourth quarter worth $43,515,504,000. GAMMA Investing LLC raised its holdings in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NVIDIA during the fourth quarter worth $2,987,733,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 20,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $3,561,200.00. Following the sale, the chief financial officer directly owned 153,060 shares of the company's stock, valued at $27,253,863.60. This represents a 11.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares in the company, valued at $13,354,451,775.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock worth $862,095,782 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NVIDIA stock traded down $1.90 during trading hours on Wednesday, hitting $181.27. 151,271,936 shares of the stock were exchanged, compared to its average volume of 243,325,172. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $4.42 trillion, a P/E ratio of 58.33, a P/E/G ratio of 1.60 and a beta of 2.14. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The business's 50-day moving average is $161.55 and its two-hundred day moving average is $134.24.

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 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 the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVDA shares. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Raymond James Financial lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Needham & Company LLC lifted their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Rosenblatt Securities lifted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have issued 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 $185.97.

NVIDIA 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.