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Fulton Breakefield Broenniman LLC Acquires 9,548 Shares of NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA logo with Computer and Technology background

Fulton Breakefield Broenniman LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,171 shares of the computer hardware maker's stock after buying an additional 9,548 shares during the period. NVIDIA accounts for approximately 1.6% of Fulton Breakefield Broenniman LLC's investment portfolio, making the stock its 21st biggest position. Fulton Breakefield Broenniman LLC's holdings in NVIDIA were worth $21,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Stephens Inc. AR lifted its stake in NVIDIA by 3.6% in the first quarter. Stephens Inc. AR now owns 705,207 shares of the computer hardware maker's stock valued at $76,430,000 after acquiring an additional 24,436 shares during the last quarter. Financial Security Advisor Inc. lifted its stake in NVIDIA by 5.9% in the first quarter. Financial Security Advisor Inc. now owns 38,954 shares of the computer hardware maker's stock valued at $4,222,000 after acquiring an additional 2,180 shares during the last quarter. Prism Advisors Inc. boosted its position in NVIDIA by 75.3% during the first quarter. Prism Advisors Inc. now owns 3,784 shares of the computer hardware maker's stock worth $410,000 after purchasing an additional 1,626 shares during the period. Nikulski Financial Inc. boosted its position in NVIDIA by 2.1% during the first quarter. Nikulski Financial Inc. now owns 64,161 shares of the computer hardware maker's stock worth $6,954,000 after purchasing an additional 1,292 shares during the period. Finally, Kathmere Capital Management LLC boosted its position in NVIDIA by 4.7% during the first quarter. Kathmere Capital Management LLC now owns 57,178 shares of the computer hardware maker's stock worth $6,197,000 after purchasing an additional 2,567 shares during the period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Needham & Company LLC lifted their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group began coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Bank of America lifted their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.75.

View Our Latest Stock Analysis on NVIDIA

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the completion of the transaction, the chief executive officer owned 73,223,225 shares in the company, valued at $13,354,451,775.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,687,440 shares of company stock worth $862,095,782. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 1.1%

NASDAQ:NVDA opened at $182.67 on Friday. The firm's 50 day simple moving average is $159.82 and its 200 day simple moving average is $133.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.88. The company has a market cap of $4.46 trillion, a PE ratio of 58.93, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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 return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

About NVIDIA

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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