NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Capital Insight Partners LLC

Key Points

• Capital Insight Partners LLC increased its stake in NVIDIA Corporation by 17.0% in the first quarter, owning a total of 65,804 shares worth approximately $7.1 million.
• Analyst ratings for NVIDIA show a mixture of opinions, with one firm downgrading to "strong sell," while others, including UBS Group and Barclays, issued "buy" ratings and raised their price targets to as high as $200.
• NVIDIA's most recent earnings report showed a revenue increase of 69.2% year-over-year, despite missing earnings estimates by 6 cents, reporting $0.81 earnings per share.

Capital Insight Partners LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,804 shares of the computer hardware maker's stock after purchasing an additional 9,575 shares during the period. NVIDIA comprises 1.2% of Capital Insight Partners LLC's holdings, making the stock its 23rd biggest holding. Capital Insight Partners LLC's holdings in NVIDIA were worth $7,132,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter valued at about $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $50,000. LSV Asset Management purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $51,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NVDA shares. Mizuho set a $192.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. DA Davidson raised 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. The Goldman Sachs Group started coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 target price on the stock. Morgan Stanley raised their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler reissued an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,489,800 shares of company stock valued at $826,553,003 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA traded down $1.74 on Tuesday, reaching $178.26. The stock had a trading volume of 155,486,898 shares, compared to its average volume of 164,064,272. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.30. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business's 50-day moving average price is $156.27 and its two-hundred day moving average price is $132.58. The company has a market cap of $4.35 trillion, a P/E ratio of 57.50, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 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.