NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by LifeWealth Investments LLC

LifeWealth Investments LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 115.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,972 shares of the computer hardware maker's stock after buying an additional 27,278 shares during the quarter. NVIDIA accounts for about 2.3% of LifeWealth Investments LLC's portfolio, making the stock its 9th largest holding. LifeWealth Investments LLC's holdings in NVIDIA were worth $5,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter worth $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth $50,000. Bruce G. Allen Investments LLC increased its holdings 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 worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.7%

NASDAQ:NVDA traded down $1.10 on Monday, reaching $158.24. 139,752,171 shares of the company's stock were exchanged, compared to its average volume of 267,843,050. 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 firm has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The business has a fifty day moving average of $136.38 and a 200-day moving average of $127.81. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $160.98.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. As a group, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer directly owned 75,323,225 shares in the company, valued at $11,865,667,634.25. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,044,919 shares of company stock worth $584,414,209 over the last three months. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NVDA shares. Loop Capital boosted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Susquehanna reissued a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup boosted their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.47.

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.