MN Wealth Advisors LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,959 shares of the computer hardware maker's stock after purchasing an additional 2,696 shares during the period. NVIDIA comprises 1.1% of MN Wealth Advisors LLC's portfolio, making the stock its 22nd largest holding. MN Wealth Advisors LLC's holdings in NVIDIA were worth $1,946,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after buying an additional 3,206 shares in the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the fourth quarter worth $2,272,000. BTC Capital Management Inc. boosted its position in NVIDIA by 2.3% during the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after purchasing an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP grew its stake in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares in the last quarter. Finally, Waddell & Associates LLC grew its stake in NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director A Brooke Seawell sold 51,740 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares in the company, valued at $243,790,745.58. This trade represents a 3.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the transaction, the chief executive officer directly owned 75,323,225 shares of the company's stock, valued at $11,865,667,634.25. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Corporate insiders own 4.17% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on NVDA shares. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, Citigroup restated a "buy" rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $176.19.
Get Our Latest Stock Analysis on NVIDIA
NVIDIA Stock Performance
NASDAQ:NVDA opened at $159.28 on Friday. The firm has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The firm has a 50-day moving average price of $136.38 and a 200 day moving average price of $127.84.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share 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 paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.
NVIDIA Profile
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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.
Further Reading
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