Mason & Associates Inc Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

Mason & Associates Inc boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 48,702 shares of the computer hardware maker's stock after purchasing an additional 8,913 shares during the period. NVIDIA makes up approximately 1.3% of Mason & Associates Inc's portfolio, making the stock its 18th biggest holding. Mason & Associates Inc's holdings in NVIDIA were worth $5,278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% during 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 in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on NVDA shares. Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Rosenblatt Securities raised their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Truist Financial upped their price target on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, Loop Capital boosted their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.19.

NVIDIA Trading Up 1.3%

Shares of NVDA stock traded up $2.03 on Thursday, hitting $159.28. 143,716,055 shares of the stock traded hands, compared to its average volume of 267,930,164. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $160.93. The firm's 50-day moving average price is $134.36 and its two-hundred day moving average price is $127.45. The stock has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a PEG ratio of 1.36 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 51,740 shares of NVIDIA stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the transaction, the director owned 1,576,709 shares in the company, valued at approximately $243,790,745.58. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 75,323,225 shares of the company's stock, valued at $11,865,667,634.25. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is currently owned by company insiders.

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.