Integral Investment Advisors Inc. Raises Position in NVIDIA Corporation (NASDAQ:NVDA)

Integral Investment Advisors Inc. raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 36.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,373 shares of the computer hardware maker's stock after purchasing an additional 7,337 shares during the period. NVIDIA makes up approximately 0.9% of Integral Investment Advisors Inc.'s investment portfolio, making the stock its 21st biggest position. Integral Investment Advisors Inc.'s holdings in NVIDIA were worth $2,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hickory Point Bank & Trust bought a new stake in shares of NVIDIA during the fourth quarter worth $2,272,000. BTC Capital Management Inc. boosted its holdings in shares of NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after acquiring an additional 7,476 shares in the last quarter. Capital Performance Advisors LLP grew its position in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after acquiring an additional 9,944 shares during the last quarter. Waddell & Associates LLC grew its position in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC increased its holdings in NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 125,836 shares of NVIDIA stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $137.79, for a total value of $17,338,942.44. Following the completion of the sale, the director now owns 10,149,697 shares of the company's stock, valued at approximately $1,398,526,749.63. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,792,267 shares of company stock worth $544,823,117. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. KeyCorp set a $190.00 price target on NVIDIA in a research note on Wednesday, March 19th. Loop Capital lifted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

NVIDIA Stock Up 1.8%

Shares of NVIDIA stock traded up $2.73 during trading on Friday, reaching $157.75. 258,593,751 shares of the company traded hands, compared to its average volume of 269,195,806. The firm has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a P/E/G ratio of 1.40 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.71. The company has a 50 day moving average price of $130.96 and a 200-day moving average price of $126.97. 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during 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%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 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.