Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,902 shares of the computer hardware maker's stock after purchasing an additional 7,439 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC's holdings in NVIDIA were worth $8,443,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in NVDA. Missouri Trust & Investment Co increased its position in NVIDIA by 45.0% in the 1st quarter. Missouri Trust & Investment Co now owns 27,895 shares of the computer hardware maker's stock valued at $3,023,000 after acquiring an additional 8,660 shares during the period. Dover Advisors LLC increased its position in NVIDIA by 84.6% in the 1st quarter. Dover Advisors LLC now owns 5,352 shares of the computer hardware maker's stock valued at $580,000 after acquiring an additional 2,452 shares during the period. Avaii Wealth Management LLC increased its position in NVIDIA by 33.6% in the 1st quarter. Avaii Wealth Management LLC now owns 67,059 shares of the computer hardware maker's stock valued at $7,268,000 after acquiring an additional 16,854 shares during the period. CRA Financial Services LLC increased its position in NVIDIA by 5.0% in the 1st quarter. CRA Financial Services LLC now owns 121,668 shares of the computer hardware maker's stock valued at $13,186,000 after acquiring an additional 5,835 shares during the period. Finally, Armbruster Capital Management Inc. increased its position in NVIDIA by 53.9% in the 1st quarter. Armbruster Capital Management Inc. now owns 2,355 shares of the computer hardware maker's stock valued at $255,000 after acquiring an additional 825 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 50,980 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the completion of the transaction, the director now owns 1,679,361 shares of the company's stock, valued at $263,525,328.12. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,792,267 shares of company stock worth $544,823,117. 4.17% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $175.78.
Check Out Our Latest Analysis on NVDA
NVIDIA Price Performance
NVDA opened at $157.75 on Monday. The company has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a PEG ratio of 1.40 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $130.96 and a 200-day moving average price of $126.89. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $158.71.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
NVIDIA Company Profile
(
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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