CVA Family Office LLC Acquires 12,714 Shares of NVIDIA Corporation (NASDAQ:NVDA)

CVA Family Office LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,965 shares of the computer hardware maker's stock after buying an additional 12,714 shares during the quarter. NVIDIA accounts for about 1.2% of CVA Family Office LLC's investment portfolio, making the stock its 19th biggest position. CVA Family Office LLC's holdings in NVIDIA were worth $7,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth approximately $50,000. Bruce G. Allen Investments LLC lifted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter worth $54,000. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Piper Sandler restated an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $175.78.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president now directly owns 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 50,980 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the sale, the director now directly owns 1,679,361 shares in the company, valued at approximately $263,525,328.12. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,792,267 shares of company stock valued at $544,823,117 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $157.75 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $158.71. 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 firm has a market cap 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 firm's fifty day moving average is $130.96 and its two-hundred day moving average is $126.97.

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 (EPS) 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 firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.

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