Hapanowicz & Associates Financial Services Inc Acquires New Stake in NVIDIA Corporation (NASDAQ:NVDA)

Hapanowicz & Associates Financial Services Inc bought a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,209 shares of the computer hardware maker's stock, valued at approximately $239,000. NVIDIA accounts for 0.1% of Hapanowicz & Associates Financial Services Inc's holdings, making the stock its 26th biggest holding.

Several other hedge funds have also made changes to their positions in NVDA. Norges Bank acquired a new position in NVIDIA during the 4th quarter valued at about $43,515,504,000. GAMMA Investing LLC boosted its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp boosted its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC boosted its position in NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.1%

Shares of NASDAQ NVDA opened at $173.50 on Friday. The stock has a fifty day moving average price of $150.95 and a 200 day moving average price of $130.93. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.23 trillion, a P/E ratio of 55.97, a P/E/G ratio of 1.53 and a beta of 2.13. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.72.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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 company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 issued a $0.01 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. The Goldman Sachs Group began coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price for the company. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $181.22.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the transaction, the chief executive officer owned 74,123,225 shares in the company, valued at $12,566,851,566.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,114,800 shares of company stock worth $760,553,003. 4.17% of the stock is owned by company insiders.

NVIDIA Company 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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