Continuum Advisory LLC Grows Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Continuum Advisory LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,640 shares of the computer hardware maker's stock after buying an additional 4,176 shares during the quarter. NVIDIA comprises about 1.3% of Continuum Advisory LLC's investment portfolio, making the stock its 14th largest holding. Continuum Advisory LLC's holdings in NVIDIA were worth $9,824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BCR Wealth Strategies LLC increased its stake in shares of NVIDIA by 3.1% in the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after acquiring an additional 89 shares during the last quarter. Condor Capital Management increased its stake in shares of 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 acquiring an additional 89 shares during the last quarter. Squire Investment Management Company LLC increased its stake in shares of NVIDIA by 4.0% in the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after acquiring an additional 91 shares during the last quarter. Kelly Financial Services LLC increased its stake in shares of 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 acquiring an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC increased its stake in shares of 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 acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on NVDA shares. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Oppenheimer reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Monday, June 16th. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $177.03.

NVIDIA Stock Up 0.5%

Shares of NVIDIA stock opened at $164.92 on Monday. The business's fifty day moving average price is $141.53 and its two-hundred day moving average price is $128.62. 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 company has a market capitalization of $4.02 trillion, a P/E ratio of 53.20, a PEG ratio of 1.46 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $167.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 49,131 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the sale, the director owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. The trade was a 2.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last three months. Company insiders own 4.17% of the company's stock.

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.

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