Gold Investment Management Ltd. Purchases 3,009 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Gold Investment Management Ltd. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 121.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,479 shares of the computer hardware maker's stock after purchasing an additional 3,009 shares during the quarter. Gold Investment Management Ltd.'s holdings in NVIDIA were worth $594,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Tacita Capital Inc bought a new stake in NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth about $38,000. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC grew its holdings in 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 during the last quarter. Finally, LSV Asset Management acquired a new position in NVIDIA during the 4th quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated 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 sale, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,964,800 shares of company stock worth $734,906,003. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group upped their target price on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Benchmark restated a "buy" rating and set a $190.00 target price 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 given a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Stock Down 0.3%

NVDA opened at $172.41 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market capitalization of $4.21 trillion, a P/E ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. The stock has a fifty day moving average of $146.99 and a 200-day moving average of $129.81.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

About NVIDIA

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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