Lloyd Advisory Services LLC. Purchases 3,209 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Lloyd Advisory Services LLC. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 16,986 shares of the computer hardware maker's stock after buying an additional 3,209 shares during the quarter. NVIDIA makes up about 0.9% of Lloyd Advisory Services LLC.'s investment portfolio, making the stock its 20th largest holding. Lloyd Advisory Services LLC.'s holdings in NVIDIA were worth $1,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Meridian Financial Partners LLC increased its holdings in shares of NVIDIA by 1.8% in the 1st quarter. Meridian Financial Partners LLC now owns 24,097 shares of the computer hardware maker's stock worth $2,612,000 after purchasing an additional 423 shares in the last quarter. Bennett Selby Investments LP increased its holdings in shares of NVIDIA by 37.8% in the first quarter. Bennett Selby Investments LP now owns 32,255 shares of the computer hardware maker's stock worth $3,496,000 after purchasing an additional 8,850 shares during the last quarter. Bangor Savings Bank increased its stake in NVIDIA by 36.9% during the first quarter. Bangor Savings Bank now owns 19,168 shares of the computer hardware maker's stock worth $2,077,000 after acquiring an additional 5,162 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in NVIDIA by 32.9% during the first quarter. SOA Wealth Advisors LLC. now owns 159,791 shares of the computer hardware maker's stock worth $17,318,000 after acquiring an additional 39,529 shares during the last quarter. Finally, Professional Advisory Services Inc. boosted its position in shares of NVIDIA by 4.8% during the first quarter. Professional Advisory Services Inc. now owns 8,380 shares of the computer hardware maker's stock valued at $908,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, TD Cowen upped their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $173.05.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction dated Friday, May 30th. The stock was 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. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,469,685 shares of company stock worth $349,669,962 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $143.83 on Friday. The firm has a market capitalization of $3.51 trillion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The firm has a fifty day simple moving average of $126.37 and a two-hundred day simple moving average of $126.56. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13.

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 for 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%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

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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