NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,485 shares of the computer hardware maker's stock after purchasing an additional 6,935 shares during the quarter. NVIDIA accounts for approximately 0.7% of Money Concepts Capital Corp's holdings, making the stock its 26th biggest position. Money Concepts Capital Corp's holdings in NVIDIA were worth $8,723,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Group Ltd. increased its position in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the last quarter. Tallon Kerry Patrick bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $972,000. Capital & Planning LLC increased its position in shares of NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after purchasing an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in shares of NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after purchasing an additional 104 shares during the last quarter. Finally, Brighton Jones LLC increased its position in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 2.2%

NASDAQ:NVDA traded up $3.75 during trading hours on Wednesday, reaching $170.78. The company had a trading volume of 152,871,674 shares, compared to its average volume of 263,063,842. 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 market cap of $4.17 trillion, a price-to-earnings ratio of 55.09, a P/E/G ratio of 1.47 and a beta of 2.13. The business's 50-day simple moving average is $149.41 and its two-hundred day simple moving average is $130.53. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the firm posted $0.61 EPS. NVIDIA's revenue was up 69.2% on a year-over-year basis. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business 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 of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Insider Activity

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 20,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer owned 163,060 shares in the company, valued at approximately $27,863,692.80. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,114,800 shares of company stock valued at $760,553,003 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Mizuho set a $192.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One equities research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $181.22.

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.