NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,333 shares of the computer hardware maker's stock after acquiring an additional 52,061 shares during the quarter. NVIDIA accounts for about 1.8% of Cyndeo Wealth Partners LLC's portfolio, making the stock its 5th largest position. Cyndeo Wealth Partners LLC's holdings in NVIDIA were worth $27,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hanson & Doremus Investment Management increased its holdings in NVIDIA by 24.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 7,895 shares of the computer hardware maker's stock worth $856,000 after purchasing an additional 1,564 shares during the period. Forefront Wealth Management Inc. boosted its stake in shares of NVIDIA by 27.0% in the 1st quarter. Forefront Wealth Management Inc. now owns 5,006 shares of the computer hardware maker's stock valued at $543,000 after buying an additional 1,065 shares during the period. Rebalance LLC acquired a new position in shares of NVIDIA during the first quarter worth about $321,000. Crane Advisory LLC increased its stake in shares of NVIDIA by 67.3% during the first quarter. Crane Advisory LLC now owns 11,833 shares of the computer hardware maker's stock worth $1,313,000 after buying an additional 4,758 shares during the period. Finally, Keystone Wealth Services LLC raised its holdings in NVIDIA by 3.9% in the first quarter. Keystone Wealth Services LLC now owns 70,478 shares of the computer hardware maker's stock valued at $7,638,000 after acquiring an additional 2,653 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NVDA shares. Susquehanna reiterated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Truist Financial lifted their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Finally, Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.19.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Performance

NASDAQ NVDA traded up $2.41 during trading hours on Thursday, hitting $159.66. 74,310,144 shares of the stock were exchanged, compared to its average volume of 267,687,954. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.90 trillion, a price-to-earnings ratio of 51.51, a price-to-earnings-growth ratio of 1.36 and a beta of 2.13. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.93. The stock has a 50-day moving average of $134.36 and a 200 day moving average of $127.45.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) 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.