CFO4Life Group LLC Has $4.47 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• CFO4Life Group LLC raised its stake in NVIDIA Corporation by 16.4% during the first quarter, acquiring an additional 5,801 shares, bringing its total ownership to 41,233 shares valued at approximately $4.47 million.
• NVIDIA reported earnings of $0.81 EPS for the last quarter, missing estimates but showing a strong revenue increase of 69.2% year-over-year to $44.06 billion.
• The company has recently seen several brokerages upgrade their price targets for NVIDIA, with Oppenheimer raising their target from $175 to $200 per share, reflecting positive sentiment among analysts.

CFO4Life Group LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,233 shares of the computer hardware maker's stock after acquiring an additional 5,801 shares during the period. CFO4Life Group LLC's holdings in NVIDIA were worth $4,469,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after buying an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

NVIDIA Trading Down 1.0%

Shares of NVDA stock traded down $1.74 on Tuesday, reaching $178.26. 155,486,898 shares of the stock were exchanged, compared to its average volume of 164,064,272. The stock has a market cap of $4.35 trillion, a PE ratio of 57.50, a P/E/G ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a 50 day moving average price of $156.27 and a 200 day moving average price of $132.58.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts forecast 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. Investors 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 1.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Loop Capital lifted their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. TD Cowen lifted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Rosenblatt Securities boosted their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $182.03.

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.