Kathmere Capital Management LLC Has $6.20 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Kathmere Capital Management LLC increased its stake in NVIDIA Corporation by 4.7%, holding a total of 57,178 shares valued at approximately $6.20 million.
• Analysts have revised their price targets for NVIDIA, with TD Cowen increasing their target from $140 to $175 and Citigroup raising theirs from $180 to $190, securing a general consensus rating of "Moderate Buy."
• NVIDIA's latest quarterly earnings showed a revenue of $44.06 billion, exceeding analysts' expectations, despite reporting an earnings per share (EPS) of $0.81 which fell short of the estimated $0.87.

Kathmere Capital Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,178 shares of the computer hardware maker's stock after buying an additional 2,567 shares during the quarter. Kathmere Capital Management LLC's holdings in NVIDIA were worth $6,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter worth $50,000. LSV Asset Management acquired a new position in NVIDIA in the 4th quarter worth about $54,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Citigroup increased their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $183.75.

NVIDIA Stock Up 0.8%

Shares of NASDAQ:NVDA opened at $180.77 on Friday. The company has a 50 day moving average of $158.85 and a 200-day moving average of $133.52. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.88. The stock has a market cap of $4.41 trillion, a price-to-earnings ratio of 58.31, a P/E/G ratio of 1.58 and a beta of 2.14. 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 data 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 firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00. Following the sale, the chief executive officer directly owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,537,440 shares of company stock valued at $835,035,782. 4.17% of the stock is currently owned by corporate insiders.

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.

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