Madison Wealth Partners Inc boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,289 shares of the computer hardware maker's stock after acquiring an additional 1,764 shares during the quarter. Madison Wealth Partners Inc's holdings in NVIDIA were worth $2,199,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. GSB Wealth Management LLC grew its holdings in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC grew its holdings in NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Financial Perspectives Inc grew its holdings in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. Hickory Point Bank & Trust bought a new position in shares of NVIDIA in the fourth quarter worth about $2,272,000. Finally, Pegasus Asset Management Inc. boosted its stake in shares of NVIDIA by 0.3% in the first quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker's stock worth $8,318,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on NVDA shares. Citigroup upped their price objective on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Mizuho upped their price objective on NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $177.03.
View Our Latest Research Report on NVDA
Insider Activity at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the transaction, the chief executive officer directly owned 74,873,225 shares in the company, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the transaction, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,520,246 shares of company stock worth $660,253,045. Company insiders own 4.17% of the company's stock.
NVIDIA Trading Up 0.5%
Shares of NASDAQ NVDA traded up $0.82 during midday trading on Friday, hitting $164.92. The company's stock had a trading volume of 193,205,730 shares, compared to its average volume of 265,988,678. 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 business's 50 day moving average is $141.53 and its two-hundred day moving average is $128.77. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $167.89. The firm has a market cap of $4.02 trillion, a P/E ratio of 53.20, a price-to-earnings-growth ratio of 1.45 and a beta of 2.13.
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 for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 dividend yield of 0.02%. NVIDIA's payout ratio is 1.29%.
About NVIDIA
(
Free Report)
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.
See Also
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
