KPP Advisory Services LLC Purchases 29,620 Shares of NVIDIA Corporation (NASDAQ:NVDA)

KPP Advisory Services LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 68.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,732 shares of the computer hardware maker's stock after purchasing an additional 29,620 shares during the period. NVIDIA makes up 1.5% of KPP Advisory Services LLC's portfolio, making the stock its 15th biggest position. KPP Advisory Services LLC's holdings in NVIDIA were worth $7,883,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC lifted its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new position in NVIDIA in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Down 0.3%

NASDAQ NVDA traded down $0.59 during mid-day trading on Friday, reaching $172.41. 145,724,125 shares of the company's stock traded hands, compared to its average volume of 263,966,224. The company has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $146.99 and a 200-day simple moving average of $129.86.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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 company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. DA Davidson raised their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 price target on the stock. Barclays lifted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Bank of America lifted their target price on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $181.22.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,964,800 shares of company stock worth $734,906,003. Insiders own 4.17% of the company's stock.

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.