CX Institutional Purchases 38,873 Shares of NVIDIA Corporation (NASDAQ:NVDA)

CX Institutional boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,716 shares of the computer hardware maker's stock after purchasing an additional 38,873 shares during the period. NVIDIA comprises about 1.0% of CX Institutional's investment portfolio, making the stock its 25th biggest position. CX Institutional's holdings in NVIDIA were worth $26,631,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. SC&H Financial Advisors Inc. increased its holdings in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after purchasing an additional 80 shares during the last quarter. DecisionPoint Financial LLC increased its holdings in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the last quarter. BCR Wealth Strategies LLC increased its holdings in shares of NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after purchasing an additional 89 shares during the last quarter. Condor Capital Management increased its holdings in shares of NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares during the last quarter. Finally, Squire Investment Management Company LLC increased its holdings in shares of NVIDIA by 4.0% in the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock valued at $317,000 after purchasing an additional 91 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $147.90 on Wednesday. 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's fifty day simple moving average is $127.76 and its two-hundred day simple moving average is $126.59. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $153.13. The stock has a market cap of $3.61 trillion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Piper Sandler restated an "overweight" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Mizuho upped their price objective on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $173.69.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the completion of the transaction, the chief financial officer now owns 173,060 shares of the company's stock, valued at $24,956,982.60. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $144.26, for a total value of $7,213,000.00. Following the transaction, the chief executive officer now directly owns 75,723,225 shares of the company's stock, valued at $10,923,832,438.50. The trade was a 0.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,393,863 shares of company stock valued at $483,709,832. 4.17% of the stock is owned by insiders.

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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