Harbour Capital Advisors LLC Acquires 2,038 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Harbour Capital Advisors LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,028 shares of the computer hardware maker's stock after buying an additional 2,038 shares during the quarter. NVIDIA makes up 1.1% of Harbour Capital Advisors LLC's holdings, making the stock its 24th biggest holding. Harbour Capital Advisors LLC's holdings in NVIDIA were worth $4,482,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter worth $54,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was 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 directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,767,150 shares of company stock valued at $701,030,045 over the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVIDIA stock traded up $0.67 during midday trading on Wednesday, reaching $171.37. 158,417,083 shares of the stock were exchanged, compared to its average volume of 265,190,883. The company's fifty day moving average is $143.67 and its 200-day moving average is $129.10. 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 $4.18 trillion, a PE ratio of 55.28, a PEG ratio of 1.45 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $172.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 105.09% and a net margin of 51.69%. The business's revenue was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Susquehanna reaffirmed a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $181.22.

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.