Mmbg Investment Advisors CO. Acquires 10,510 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Mmbg Investment Advisors CO. boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,566 shares of the computer hardware maker's stock after buying an additional 10,510 shares during the quarter. NVIDIA makes up approximately 2.7% of Mmbg Investment Advisors CO.'s portfolio, making the stock its 9th largest holding. Mmbg Investment Advisors CO.'s holdings in NVIDIA were worth $23,690,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth $50,000. Bruce G. Allen Investments LLC grew its stake in shares of 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 purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter worth $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVDA shares. Jefferies Financial Group increased their price target on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Barclays increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Needham & Company LLC raised their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, TD Cowen raised their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.22.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $167.03 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market capitalization of $4.08 trillion, a P/E ratio of 53.88, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The business's 50 day simple moving average is $146.99 and its two-hundred day simple moving average is $129.81. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.25.

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 the consensus estimate of $0.87 by ($0.06). The firm 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%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total transaction of $3,417,600.00. Following the completion of the sale, the chief financial officer owned 163,060 shares in the company, valued at approximately $27,863,692.80. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $172.52, for a total value of $12,939,000.00. Following the completion of the sale, the chief executive officer directly owned 74,348,225 shares of the company's stock, valued at $12,826,555,777. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,964,800 shares of company stock worth $734,906,003. 4.17% of the stock is owned by 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.

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