Greatmark Investment Partners Inc. Has $1.96 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Greatmark Investment Partners Inc. increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 239.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,096 shares of the computer hardware maker's stock after purchasing an additional 12,771 shares during the period. Greatmark Investment Partners Inc.'s holdings in NVIDIA were worth $1,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFR Capital LLC. boosted its stake in shares of NVIDIA by 23.2% during the 1st quarter. TFR Capital LLC. now owns 101,578 shares of the computer hardware maker's stock valued at $11,009,000 after buying an additional 19,107 shares during the period. Dock Street Asset Management Inc. boosted its stake in shares of NVIDIA by 16.1% during the 1st quarter. Dock Street Asset Management Inc. now owns 1,118,096 shares of the computer hardware maker's stock valued at $121,179,000 after buying an additional 154,862 shares during the period. Schear Investment Advisers LLC boosted its stake in shares of NVIDIA by 6.8% during the 1st quarter. Schear Investment Advisers LLC now owns 120,596 shares of the computer hardware maker's stock valued at $13,070,000 after buying an additional 7,724 shares during the period. Pittenger & Anderson Inc. boosted its stake in shares of NVIDIA by 59.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 148,557 shares of the computer hardware maker's stock valued at $16,101,000 after buying an additional 55,299 shares during the period. Finally, GoalFusion Wealth Management LLC boosted its stake in shares of NVIDIA by 3.7% during the 1st quarter. GoalFusion Wealth Management LLC now owns 5,658 shares of the computer hardware maker's stock valued at $613,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares of the company's stock, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,687,440 shares of company stock worth $862,095,782 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $182.67 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.88. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.46 trillion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The firm has a 50-day moving average price of $159.82 and a 200 day moving average price of $133.80.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during 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 business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NVDA shares. Oppenheimer lifted their target price on shares of NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Barclays upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Citigroup upped their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $183.75.

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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