Madrona Financial Services LLC Purchases 1,723 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Madrona Financial Services LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 15,109 shares of the computer hardware maker's stock after purchasing an additional 1,723 shares during the quarter. Madrona Financial Services LLC's holdings in NVIDIA were worth $1,638,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after buying an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC grew its position in NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank bought a new stake in NVIDIA during the fourth quarter worth approximately $43,515,504,000. Finally, Northern Trust Corp boosted its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 0.3%

Shares of NASDAQ NVDA traded down $0.59 during mid-day trading on Friday, hitting $172.41. The company had a trading volume of 145,724,125 shares, compared to its average volume of 263,779,254. 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 firm has a 50-day simple moving average of $146.99 and a two-hundred day simple moving average of $129.90. The company has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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 net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business posted $0.61 earnings per share. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on NVDA shares. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group raised their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. DA Davidson raised their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday. One 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. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,964,800 shares of company stock worth $734,906,003. Company insiders own 4.17% of the company's stock.

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.