Iams Wealth Management LLC Grows Stake in NVIDIA Corporation (NASDAQ:NVDA)

Iams Wealth Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,016 shares of the computer hardware maker's stock after purchasing an additional 4,502 shares during the quarter. NVIDIA accounts for 1.1% of Iams Wealth Management LLC's portfolio, making the stock its 28th biggest position. Iams Wealth Management LLC's holdings in NVIDIA were worth $2,386,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter valued at $54,000. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen increased their target price on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Bank of America increased their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $173.05.

Insider Buying and Selling 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 sale, the director now directly owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 190,000 shares of NVIDIA stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.51, for a total value of $27,076,900.00. Following the completion of the sale, the director now directly owns 8,855,848 shares in the company, valued at $1,262,046,898.48. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock valued at $360,351,849 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NASDAQ:NVDA traded up $1.36 on Wednesday, reaching $145.48. 160,943,826 shares of the company's stock traded hands, compared to its average volume of 274,874,787. 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 stock has a 50-day simple moving average of $124.96 and a 200-day simple moving average of $126.62. The firm has a market cap of $3.55 trillion, a PE ratio of 46.93, a P/E/G ratio of 1.27 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. 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.