Hartmann Taylor Wealth Management LLC Invests $1.10 Million in NVIDIA Corporation (NASDAQ:NVDA)

Hartmann Taylor Wealth Management LLC bought a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,133 shares of the computer hardware maker's stock, valued at approximately $1,098,000. NVIDIA comprises about 1.0% of Hartmann Taylor Wealth Management LLC's investment portfolio, making the stock its 24th biggest holding.

Other large investors have also made changes to their positions in the company. Kessler Investment Group LLC raised its position in shares of NVIDIA by 7.1% in the 1st quarter. Kessler Investment Group LLC now owns 54,396 shares of the computer hardware maker's stock valued at $5,895,000 after acquiring an additional 3,605 shares during the period. Sims Investment Management LLC acquired a new stake in NVIDIA during the 1st quarter worth approximately $653,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVIDIA by 16.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,860,405 shares of the computer hardware maker's stock worth $1,324,831,000 after buying an additional 1,839,344 shares during the period. Cavalier Investments LLC raised its holdings in NVIDIA by 393.7% during the 1st quarter. Cavalier Investments LLC now owns 17,679 shares of the computer hardware maker's stock worth $1,916,000 after buying an additional 14,098 shares during the period. Finally, Reston Wealth Management LLC raised its holdings in NVIDIA by 8.0% during the 1st quarter. Reston Wealth Management LLC now owns 5,972 shares of the computer hardware maker's stock worth $647,000 after buying an additional 442 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock traded up $2.14 during midday trading on Thursday, reaching $172.92. The stock had a trading volume of 49,524,863 shares, compared to its average volume of 251,620,563. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. 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 firm has a market capitalization of $4.22 trillion, a PE ratio of 55.78, a P/E/G ratio of 1.47 and a beta of 2.13. The firm's 50-day moving average price is $149.41 and its 200 day moving average price is $130.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 27,650 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the transaction, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company'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 value of $12,715,500.00. Following the transaction, the chief executive officer owned 74,123,225 shares of the company's stock, valued at approximately $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 sold 5,114,800 shares of company stock worth $760,553,003. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup raised their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group started coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price target for the company. Finally, Needham & Company LLC raised their price target on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $181.22.

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.