Exchange Traded Concepts LLC Purchases 181,361 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Exchange Traded Concepts LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,426,986 shares of the computer hardware maker's stock after buying an additional 181,361 shares during the period. NVIDIA accounts for approximately 2.6% of Exchange Traded Concepts LLC's portfolio, making the stock its 2nd biggest holding. Exchange Traded Concepts LLC's holdings in NVIDIA were worth $154,657,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in NVIDIA in the fourth quarter valued at $50,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% in the first 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 last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA traded up $2.03 during trading hours on Friday, reaching $159.28. 143,716,055 shares of the company traded hands, compared to its average volume of 268,139,289. The stock has a market capitalization of $3.89 trillion, a P/E ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The business has a fifty day moving average price of $135.41 and a 200-day moving average price of $127.64.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVDA. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Benchmark reissued a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Mizuho upped their price objective on NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Finally, Wedbush reiterated an "outperform" rating 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $176.19.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is currently owned by corporate insiders.

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.