Curated Wealth Partners LLC Raises Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Curated Wealth Partners LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,270 shares of the computer hardware maker's stock after acquiring an additional 6,219 shares during the period. NVIDIA comprises approximately 0.5% of Curated Wealth Partners LLC's portfolio, making the stock its 15th largest position. Curated Wealth Partners LLC's holdings in NVIDIA were worth $3,823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Hickory Point Bank & Trust bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $2,272,000. BTC Capital Management Inc. raised its position in NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock worth $35,785,000 after purchasing an additional 7,476 shares during the period. Capital Performance Advisors LLP lifted its stake in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC boosted its position in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after buying an additional 297 shares during the period. Finally, Strategy Asset Managers LLC grew its stake in shares of NVIDIA by 0.8% during the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after buying an additional 405 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock traded up $3.73 during midday trading on Tuesday, reaching $147.90. 187,010,174 shares of the company traded hands, compared to its average volume of 270,622,127. The firm has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 47.71, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13. 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 business has a 50 day moving average of $127.76 and a two-hundred day moving average of $126.59.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $173.05.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,393,863 shares of company stock valued at $483,709,832. 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.