CWC Advisors LLC. Makes New $1.25 Million Investment in NVIDIA Corporation (NASDAQ:NVDA)

CWC Advisors LLC. purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,560 shares of the computer hardware maker's stock, valued at approximately $1,253,000.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Group Ltd. lifted its position in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of NVIDIA in the fourth quarter valued at approximately $972,000. Capital & Planning LLC lifted its position in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after acquiring an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after acquiring an additional 104 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00. Following the transaction, the chief executive officer directly owned 74,348,225 shares of the company's stock, valued at $12,826,555,777. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,964,800 shares of company stock valued at $734,906,003. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NVDA shares. Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

NVIDIA Trading Down 0.3%

Shares of NASDAQ NVDA opened at $172.41 on Monday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $146.99 and a 200-day simple moving average of $129.81. The stock has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

NVIDIA 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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