Hilltop Wealth Advisors LLC Purchases 1,728 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Hilltop Wealth Advisors LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 35.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,672 shares of the computer hardware maker's stock after acquiring an additional 1,728 shares during the period. Hilltop Wealth Advisors LLC's holdings in NVIDIA were worth $723,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter valued at about $50,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the fourth quarter valued at about $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.26, for a total value of $7,213,000.00. Following the transaction, the chief executive officer now directly owns 75,723,225 shares of the company's stock, valued at approximately $10,923,832,438.50. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 50,980 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the completion of the transaction, the director now directly owns 1,679,361 shares in the company, valued at approximately $263,525,328.12. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NVDA shares. Susquehanna reiterated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Thursday, April 3rd. Oppenheimer reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Monday, June 16th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $157.75 on Friday. 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 firm has a market cap of $3.85 trillion, a P/E ratio of 50.89, a P/E/G ratio of 1.37 and a beta of 2.12. The firm has a 50 day simple moving average of $130.96 and a 200 day simple moving average of $127.05. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71.

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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business earned $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is presently 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.