Mosaic Family Wealth Partners LLC Acquires 10,014 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Mosaic Family Wealth Partners LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 36.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,225 shares of the computer hardware maker's stock after buying an additional 10,014 shares during the period. NVIDIA accounts for approximately 0.6% of Mosaic Family Wealth Partners LLC's holdings, making the stock its 25th biggest position. Mosaic Family Wealth Partners LLC's holdings in NVIDIA were worth $4,034,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter worth about $50,000. LSV Asset Management purchased a new position in shares of NVIDIA in the 4th quarter worth about $54,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st 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 during the last quarter. Finally, Delos Wealth Advisors LLC raised its position in shares of NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock worth $66,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA opened at $182.06 on Tuesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.88. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $160.71 and its 200-day simple moving average is $133.89. The company has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 58.73, a PEG ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the company posted $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NVDA shares. Citigroup lifted their price target on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Loop Capital boosted their target price on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Jefferies Financial Group boosted their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $183.75.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale 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 firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total value of $13,678,500.00. Following the completion of the sale, the chief executive officer directly owned 73,223,225 shares of the company's stock, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,687,440 shares of company stock worth $862,095,782. 4.17% of the stock is owned by corporate 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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