Merkkuri Wealth Advisors LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 63.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,081 shares of the computer hardware maker's stock after purchasing an additional 1,965 shares during the period. Merkkuri Wealth Advisors LLC's holdings in NVIDIA were worth $551,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. MPS Loria Financial Planners LLC grew its holdings in shares of NVIDIA by 1.2% during the 1st quarter. MPS Loria Financial Planners LLC now owns 14,036 shares of the computer hardware maker's stock worth $1,521,000 after purchasing an additional 165 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in shares of NVIDIA by 24.3% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 10,896 shares of the computer hardware maker's stock worth $1,181,000 after purchasing an additional 2,129 shares in the last quarter. Brendel Financial Advisors LLC raised its holdings in shares of NVIDIA by 302.5% in the 1st quarter. Brendel Financial Advisors LLC now owns 19,798 shares of the computer hardware maker's stock worth $2,146,000 after buying an additional 14,879 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in shares of NVIDIA by 0.5% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 75,548 shares of the computer hardware maker's stock worth $8,188,000 after buying an additional 356 shares in the last quarter. Finally, Lighthouse Wealth Management Inc. raised its holdings in shares of NVIDIA by 11.3% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 11,022 shares of the computer hardware maker's stock worth $1,195,000 after buying an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Citigroup upped their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Oppenheimer restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $177.03.
Check Out Our Latest Research Report on NVIDIA
Insider Buying and Selling
In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 49,131 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the transaction, the director owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This represents 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 valued at $660,253,045. 4.17% of the stock is owned by company insiders.
NVIDIA Stock Performance
NVIDIA stock traded up $0.82 during midday trading on Friday, reaching $164.92. 193,205,730 shares of the company's stock were exchanged, compared to its average volume of 266,417,627. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $167.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 1.44 and a beta of 2.13. The stock's 50-day simple moving average is $140.52 and its 200 day simple moving average is $128.60.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company's revenue was up 69.2% on a year-over-year basis. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis 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.
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