NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Kozak & Associates Inc.

Kozak & Associates Inc. raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,579 shares of the computer hardware maker's stock after buying an additional 2,543 shares during the quarter. NVIDIA makes up approximately 4.3% of Kozak & Associates Inc.'s portfolio, making the stock its 10th biggest position. Kozak & Associates Inc.'s holdings in NVIDIA were worth $17,335,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the fourth quarter valued at about $40,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter valued at approximately $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 4.3%

Shares of NVDA traded up $6.41 during mid-day trading on Wednesday, hitting $154.31. The company had a trading volume of 265,323,485 shares, compared to its average volume of 270,605,978. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $154.98. The business's 50-day simple moving average is $127.76 and its 200-day simple moving average is $126.59. The stock has a market cap of $3.77 trillion, a PE ratio of 49.78, a P/E/G ratio of 1.27 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). 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 analyst estimates of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 69.2% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $142,800,000.00. Following the completion of the transaction, the director now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,393,863 shares of company stock worth $483,709,832. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NVDA shares. Oppenheimer restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. 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 report on Thursday, May 29th. Mizuho lifted their price target on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $175.78.

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.