NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Monte Financial Group LLC

Monte Financial Group LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,426 shares of the computer hardware maker's stock after buying an additional 2,588 shares during the period. Monte Financial Group LLC's holdings in NVIDIA were worth $1,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Tacita Capital Inc purchased a new position in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter valued at $38,000. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at $50,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management purchased a new position in NVIDIA in the fourth quarter valued at $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Oppenheimer restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.

NVIDIA Stock Performance

NVDA traded up $1.97 during trading on Friday, reaching $166.07. The company's stock had a trading volume of 121,011,616 shares, compared to its average volume of 266,143,885. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $167.84. The company's fifty day moving average price is $140.52 and its 200-day moving average price is $128.60. The company has a market capitalization of $4.05 trillion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during 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 for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 49,131 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the sale, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last ninety days. 4.17% of the stock is owned by corporate insiders.

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.