Cavalier Investments LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 393.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,679 shares of the computer hardware maker's stock after purchasing an additional 14,098 shares during the quarter. Cavalier Investments LLC's holdings in NVIDIA were worth $1,916,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Condor Capital Management grew its position in NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after purchasing an additional 89 shares during the last quarter. Kelly Financial Services LLC grew its position in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after purchasing an additional 94 shares during the last quarter. Macroview Investment Management LLC grew its position in NVIDIA by 2.9% in the 4th quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker's stock worth $461,000 after purchasing an additional 96 shares during the last quarter. Foundry Financial Group Inc. grew its position in NVIDIA by 2.2% in the 4th quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker's stock worth $589,000 after purchasing an additional 96 shares during the last quarter. Finally, Wallace Hart LLC grew its position in NVIDIA by 3.9% in the 4th quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker's stock worth $349,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Barclays increased their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.
Check Out Our Latest Stock Report on NVIDIA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,114,800 shares of company stock valued at $760,553,003. 4.17% of the stock is currently owned by insiders.
NVIDIA Price Performance
NVDA stock traded up $3.75 during trading on Wednesday, hitting $170.78. 152,871,674 shares of the stock traded hands, compared to its average volume of 263,063,842. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.25. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 55.09, a P/E/G ratio of 1.47 and a beta of 2.13. The company has a 50 day simple moving average of $149.41 and a 200 day simple moving average of $130.53. 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business 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 firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.
About NVIDIA
(
Free Report)
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.
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