NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 669.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,500 shares of the computer hardware maker's stock after purchasing an additional 59,600 shares during the period. NVIDIA accounts for approximately 5.3% of Merrion Investment Management Co LLC's holdings, making the stock its 5th largest holding. Merrion Investment Management Co LLC's holdings in NVIDIA were worth $7,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management bought a new position in NVIDIA during the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC lifted its holdings 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 worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter worth about $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NASDAQ NVDA traded up $3.91 on Wednesday, hitting $163.91. 34,005,714 shares of the company's stock were exchanged, compared to its average volume of 258,685,828. The stock has a 50-day moving average of $138.39 and a 200-day moving average of $128.20. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $164.42. The stock has a market cap of $4.00 trillion, a price-to-earnings ratio of 52.92, a P/E/G ratio of 1.40 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business's revenue was up 69.2% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA's payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Oppenheimer reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Monday, June 16th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.47.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the completion of the sale, the chief executive officer directly owned 75,023,225 shares in the company, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 50,514 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.37, for a total value of $7,999,902.18. Following the sale, the director owned 1,974,784 shares of the company's stock, valued at approximately $312,746,542.08. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,296,844 shares of company stock valued at $624,019,677. Company insiders own 4.17% of the company's stock.

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.