HCR Wealth Advisors Buys 21,779 Shares of NVIDIA Corporation (NASDAQ:NVDA)

HCR Wealth Advisors grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 290,676 shares of the computer hardware maker's stock after acquiring an additional 21,779 shares during the quarter. NVIDIA comprises approximately 4.1% of HCR Wealth Advisors' portfolio, making the stock its 5th biggest position. HCR Wealth Advisors' holdings in NVIDIA were worth $31,504,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Guided Capital Wealth Management LLC lifted its holdings in shares of NVIDIA by 52.5% during the first quarter. Guided Capital Wealth Management LLC now owns 27,788 shares of the computer hardware maker's stock worth $3,012,000 after purchasing an additional 9,568 shares during the period. Wealthspan Partners LLC lifted its holdings in shares of NVIDIA by 17.0% during the first quarter. Wealthspan Partners LLC now owns 9,263 shares of the computer hardware maker's stock worth $1,004,000 after purchasing an additional 1,346 shares during the period. Sterling Investment Counsel LLC lifted its holdings in shares of NVIDIA by 50.5% during the first quarter. Sterling Investment Counsel LLC now owns 40,778 shares of the computer hardware maker's stock worth $4,420,000 after purchasing an additional 13,685 shares during the period. Higgins & Schmidt Wealth Strategies LLC lifted its holdings in shares of NVIDIA by 7.4% during the first quarter. Higgins & Schmidt Wealth Strategies LLC now owns 3,281 shares of the computer hardware maker's stock worth $356,000 after purchasing an additional 227 shares during the period. Finally, Hamilton Capital Partners LLC lifted its holdings in shares of NVIDIA by 30.6% during the first quarter. Hamilton Capital Partners LLC now owns 123,126 shares of the computer hardware maker's stock worth $13,344,000 after purchasing an additional 28,882 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. 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, KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. One investment 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, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.47.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 transaction, the director directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The shares were 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 $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,296,844 shares of company stock valued at $624,019,677. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 1.8%

NASDAQ:NVDA traded up $2.88 during mid-day trading on Wednesday, reaching $162.88. The company's stock had a trading volume of 182,913,096 shares, compared to its average volume of 267,111,112. The company's fifty day simple moving average is $138.39 and its two-hundred day simple moving average is $128.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $164.34. The stock has a market cap of $3.97 trillion, a P/E ratio of 52.54, a P/E/G ratio of 1.40 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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.