Harbor Investment Advisory LLC Acquires 2,372 Shares of NVIDIA Co. (NASDAQ:NVDA)

Harbor Investment Advisory LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,187 shares of the computer hardware maker's stock after acquiring an additional 2,372 shares during the period. NVIDIA comprises approximately 0.7% of Harbor Investment Advisory LLC's holdings, making the stock its 24th largest position. Harbor Investment Advisory LLC's holdings in NVIDIA were worth $8,040,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Wealth Group Ltd. boosted its holdings in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the period. Tallon Kerry Patrick bought a new position in NVIDIA in the 4th quarter worth $972,000. Capital & Planning LLC boosted its holdings in NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after buying an additional 1,099 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in NVIDIA by 1.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after buying an additional 104 shares during the period. Finally, ForthRight Wealth Management LLC boosted its holdings in NVIDIA by 11.7% in the 4th quarter. ForthRight Wealth Management LLC now owns 2,867 shares of the computer hardware maker's stock worth $385,000 after buying an additional 301 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Mizuho boosted their price target on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. DA Davidson boosted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $172.24.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 190,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the transaction, the director now directly owns 8,855,848 shares of the company's stock, valued at approximately $1,262,046,898.48. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $141.97 on Friday. The company has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.87, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. The firm's 50-day moving average is $122.77 and its 200 day moving average is $126.44. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 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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