Congress Park Capital LLC Buys 5,671 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Congress Park Capital LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,854 shares of the computer hardware maker's stock after buying an additional 5,671 shares during the period. NVIDIA comprises about 2.2% of Congress Park Capital LLC's portfolio, making the stock its 15th largest holding. Congress Park Capital LLC's holdings in NVIDIA were worth $5,728,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC boosted 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 worth $134,877,735,000 after buying an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 1.7% in 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 buying an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NVIDIA by 0.9% in 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 buying an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new stake in NVIDIA in the 4th quarter worth about $43,515,504,000. Finally, Northern Trust Corp boosted 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 during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director A Brooke Seawell sold 49,131 shares of NVIDIA stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the sale, the director directly owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. 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 three months, insiders have sold 4,520,246 shares of company stock worth $660,253,045. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Truist Financial boosted their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group began coverage on NVIDIA in a report on Thursday. They set a "buy" rating and a $185.00 target price on the stock. Citigroup boosted their target price on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $0.82 during trading on Friday, reaching $164.92. The company's stock had a trading volume of 193,205,730 shares, compared to its average volume of 266,042,149. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The business's fifty day moving average price is $141.53 and its 200-day moving average price is $128.77. The firm has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $167.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the business earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

About NVIDIA

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.