McDonough Capital Management Inc Has $10.43 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

McDonough Capital Management Inc raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,193 shares of the computer hardware maker's stock after acquiring an additional 9,457 shares during the period. NVIDIA comprises approximately 6.8% of McDonough Capital Management Inc's portfolio, making the stock its 5th biggest holding. McDonough Capital Management Inc's holdings in NVIDIA were worth $10,425,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. lifted its holdings in shares of NVIDIA by 8.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 508,924 shares of the computer hardware maker's stock worth $55,157,000 after acquiring an additional 41,277 shares during the last quarter. Sherman Asset Management Inc. lifted its holdings in shares of NVIDIA by 10.8% in the 1st quarter. Sherman Asset Management Inc. now owns 7,701 shares of the computer hardware maker's stock worth $835,000 after acquiring an additional 748 shares during the last quarter. Priebe Wealth Holdings LLC lifted its holdings in shares of NVIDIA by 8.3% in the 1st quarter. Priebe Wealth Holdings LLC now owns 7,032 shares of the computer hardware maker's stock worth $762,000 after acquiring an additional 541 shares during the last quarter. 25 LLC lifted its holdings in shares of NVIDIA by 9.2% in the 1st quarter. 25 LLC now owns 8,304 shares of the computer hardware maker's stock worth $900,000 after acquiring an additional 703 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of NVIDIA by 8.3% in the 1st quarter. Capital Investment Advisors LLC now owns 401,792 shares of the computer hardware maker's stock worth $43,546,000 after acquiring an additional 30,650 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 190,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.51, for a total value of $27,076,900.00. Following the sale, the director now directly owns 8,855,848 shares of the company's stock, valued at $1,262,046,898.48. This represents a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now directly owns 26,671,360 shares in the company, 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. Insiders have sold 2,469,685 shares of company stock valued at $349,669,962 in the last three months. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $173.05.

NVIDIA Stock Down 1.1%

NASDAQ:NVDA opened at $143.83 on Friday. The firm's 50-day moving average price is $126.37 and its 200-day moving average price is $126.56. The company has a market capitalization of $3.51 trillion, a PE ratio of 46.40, a P/E/G ratio of 1.27 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $153.13.

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 analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

About NVIDIA

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.