BostonPremier Wealth LLC Has $1.82 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

BostonPremier Wealth LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,810 shares of the computer hardware maker's stock after buying an additional 1,781 shares during the quarter. NVIDIA accounts for 1.1% of BostonPremier Wealth LLC's portfolio, making the stock its 15th biggest holding. BostonPremier Wealth LLC's holdings in NVIDIA were worth $1,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter valued at $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 stake in shares of NVIDIA in the fourth quarter valued at $50,000. LSV Asset Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% in the first 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. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA traded down $1.10 during trading hours on Monday, reaching $158.24. The company's stock had a trading volume of 139,752,171 shares, compared to its average volume of 267,843,050. The company's 50-day moving average is $136.38 and its 200-day moving average is $127.81. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The firm has a market cap 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. 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 (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 company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA'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 company earned $0.61 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NVDA shares. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Benchmark reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $176.47.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The stock was 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 directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were 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 owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock worth $584,414,209 over the last three months. Company insiders own 4.17% of the company's stock.

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.