May Hill Capital LLC Grows Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• May Hill Capital LLC boosted its NVIDIA shares by 6.3% in Q1, owning a total of 31,524 shares worth approximately $3.4 million by the end of the quarter.
• NVIDIA's stock price has recently decreased by 2.3%, with a market capitalization of $4.24 trillion and a 52-week range between $86.62 and $183.30.
• The company reported earnings of $0.81 per share, which was below the consensus estimate, but revenue was up significantly at $44.06 billion for the quarter.

May Hill Capital LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,524 shares of the computer hardware maker's stock after purchasing an additional 1,865 shares during the quarter. NVIDIA accounts for 1.3% of May Hill Capital LLC's investment portfolio, making the stock its 16th biggest position. May Hill Capital LLC's holdings in NVIDIA were worth $3,417,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $6.28 during mid-day trading on Monday, reaching $180.00. 147,497,317 shares of the stock were exchanged, compared to its average volume of 248,133,797. The business's 50 day moving average is $155.30 and its 200-day moving average is $132.28. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. The company has a market capitalization of $4.39 trillion, a P/E ratio of 58.06, a P/E/G ratio of 1.53 and a beta of 2.14. 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities research 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 was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,339,800 shares of company stock valued at $800,141,003. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NVDA shares. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. DA Davidson lifted 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. Benchmark reissued a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Citigroup boosted their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.03.

NVIDIA 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.