Guyasuta Investment Advisors Inc. Acquires 91,209 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Guyasuta Investment Advisors Inc. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 248.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,947 shares of the computer hardware maker's stock after buying an additional 91,209 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in NVIDIA were worth $13,867,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Center for Financial Planning Inc. raised its holdings in shares of NVIDIA by 18.7% in the first quarter. Center for Financial Planning Inc. now owns 8,062 shares of the computer hardware maker's stock valued at $874,000 after buying an additional 1,269 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of NVIDIA by 1.4% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 15,786 shares of the computer hardware maker's stock valued at $1,711,000 after buying an additional 221 shares during the last quarter. SK Wealth Management LLC raised its holdings in shares of NVIDIA by 5.0% in the first quarter. SK Wealth Management LLC now owns 13,168 shares of the computer hardware maker's stock valued at $1,427,000 after buying an additional 633 shares during the last quarter. Crews Bank & Trust raised its holdings in shares of NVIDIA by 1.8% in the first quarter. Crews Bank & Trust now owns 11,218 shares of the computer hardware maker's stock valued at $1,216,000 after buying an additional 194 shares during the last quarter. Finally, Buck Wealth Strategies LLC raised its holdings in shares of NVIDIA by 7.6% in the first quarter. Buck Wealth Strategies LLC now owns 3,522 shares of the computer hardware maker's stock valued at $382,000 after buying an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVDA. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Truist Financial upped their price target on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Mizuho upped their price target on NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $177.03.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 49,131 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total value of $8,000,000.73. Following the sale, the director owned 1,826,382 shares in the company, valued at approximately $297,389,781.06. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.5%

Shares of NVDA opened at $164.92 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $167.89. The business's fifty day moving average is $141.53 and its 200-day moving average is $128.77. 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 firm has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.45 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts anticipate 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.

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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