NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Financial Enhancement Group LLC

Financial Enhancement Group LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 55,065 shares of the computer hardware maker's stock after purchasing an additional 1,832 shares during the period. Financial Enhancement Group LLC's holdings in NVIDIA were worth $5,445,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Truist Financial lifted their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Oppenheimer lifted their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday. Finally, DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.22.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,814,800 shares of company stock worth $709,172,753 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.4%

NASDAQ:NVDA traded down $0.77 during mid-day trading on Friday, reaching $172.23. The company's stock had a trading volume of 42,748,310 shares, compared to its average volume of 263,628,470. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.16. The stock has a fifty day moving average of $145.88 and a 200-day moving average of $129.63. The firm has a market capitalization of $4.20 trillion, a PE ratio of 55.58, a price-to-earnings-growth ratio of 1.51 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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.