Guided Capital Wealth Management LLC Has $3.01 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Guided Capital Wealth Management LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 52.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,788 shares of the computer hardware maker's stock after buying an additional 9,568 shares during the period. NVIDIA makes up about 2.5% of Guided Capital Wealth Management LLC's holdings, making the stock its 14th biggest holding. Guided Capital Wealth Management LLC's holdings in NVIDIA were worth $3,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthspan Partners LLC increased its holdings in NVIDIA by 17.0% in the 1st quarter. Wealthspan Partners LLC now owns 9,263 shares of the computer hardware maker's stock valued at $1,004,000 after purchasing an additional 1,346 shares in the last quarter. Sterling Investment Counsel LLC boosted its position in NVIDIA by 50.5% in the 1st quarter. Sterling Investment Counsel LLC now owns 40,778 shares of the computer hardware maker's stock valued at $4,420,000 after buying an additional 13,685 shares during the last quarter. Higgins & Schmidt Wealth Strategies LLC boosted its position in NVIDIA by 7.4% in the 1st quarter. Higgins & Schmidt Wealth Strategies LLC now owns 3,281 shares of the computer hardware maker's stock valued at $356,000 after buying an additional 227 shares during the last quarter. Hamilton Capital Partners LLC boosted its position in NVIDIA by 30.6% in the 1st quarter. Hamilton Capital Partners LLC now owns 123,126 shares of the computer hardware maker's stock valued at $13,344,000 after buying an additional 28,882 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in NVIDIA by 42.9% in the 1st quarter. Boston Trust Walden Corp now owns 780,012 shares of the computer hardware maker's stock valued at $84,538,000 after buying an additional 234,080 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Rosenblatt Securities increased their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.47.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction 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 directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,296,844 shares of company stock worth $624,019,677. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA traded up $2.88 during trading hours on Wednesday, reaching $162.88. 182,913,096 shares of the company's stock were exchanged, compared to its average volume of 267,111,112. The company has a market capitalization of $3.97 trillion, a P/E ratio of 52.54, a price-to-earnings-growth ratio of 1.40 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $164.34. 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 business's 50-day simple moving average is $138.39 and its two-hundred day simple moving average is $128.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 during 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 company's revenue for the quarter was up 69.2% on a year-over-year basis. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid 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 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.