NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,941 shares of the computer hardware maker's stock after acquiring an additional 2,381 shares during the period. NVIDIA accounts for about 1.4% of MOKAN Wealth Management Inc.'s investment portfolio, making the stock its 22nd largest position. MOKAN Wealth Management Inc.'s holdings in NVIDIA were worth $2,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Centerpoint Advisory Group increased its position in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its stake in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC boosted its stake in NVIDIA by 20.6% during the first 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 during the period. Financial Perspectives Inc boosted its stake in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. Finally, Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the fourth quarter valued at $2,272,000. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares of the company's stock, valued at $12,269,182,261. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,767,150 shares of company stock valued at $701,030,045 over the last three months. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. 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, July 7th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Trading Up 1.0%

NASDAQ NVDA traded up $1.63 during trading on Thursday, hitting $173.00. The stock had a trading volume of 160,375,417 shares, compared to its average volume of 264,477,289. The company has a market capitalization of $4.22 trillion, a PE ratio of 55.81, a PEG ratio of 1.51 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. The firm has a 50 day moving average price of $144.76 and a 200 day moving average price of $129.39. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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