Everhart Financial Group Inc. Purchases 6,307 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Everhart Financial Group Inc. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,845 shares of the computer hardware maker's stock after acquiring an additional 6,307 shares during the period. NVIDIA makes up about 3.0% of Everhart Financial Group Inc.'s investment portfolio, making the stock its 6th largest position. Everhart Financial Group Inc.'s holdings in NVIDIA were worth $22,201,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 1.8%

Shares of NVDA stock opened at $157.75 on Friday. The stock's 50 day simple moving average is $130.96 and its 200 day simple moving average is $127.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $158.71. The company has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12.

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 company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's revenue was up 69.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent analyst reports. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Piper Sandler restated an "overweight" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. TD Cowen raised their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $175.78.

Insider Activity 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 stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director now directly 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $144.26, for a total value of $7,213,000.00. Following the completion of the transaction, the chief executive officer now directly owns 75,723,225 shares in the company, valued at approximately $10,923,832,438.50. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. Corporate insiders own 4.17% of the company's stock.

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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