NVIDIA Corporation (NASDAQ:NVDA) is HCR Wealth Advisors' 5th Largest Position

HCR Wealth Advisors lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,676 shares of the computer hardware maker's stock after acquiring an additional 21,779 shares during the period. NVIDIA makes up about 4.1% of HCR Wealth Advisors' investment portfolio, making the stock its 5th largest holding. HCR Wealth Advisors' holdings in NVIDIA were worth $31,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter valued at $50,000. LSV Asset Management bought a new position in shares of NVIDIA in the 4th quarter valued at about $54,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were 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 approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,296,844 shares of company stock valued at $624,019,677 in the last ninety days. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Mizuho lifted their price objective on shares of NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One equities research 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $177.03.

NVIDIA Trading Up 0.7%

Shares of NVDA traded up $1.14 during trading hours on Thursday, hitting $164.02. 110,780,717 shares of the stock were exchanged, compared to its average volume of 266,426,752. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $164.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The business has a 50-day moving average of $139.47 and a 200-day moving average of $128.43. The firm has a market capitalization of $4.00 trillion, a P/E ratio of 52.91, a price-to-earnings-growth ratio of 1.42 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company 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 firm's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.