Moss Adams Wealth Advisors LLC Buys 8,672 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Moss Adams Wealth Advisors LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,688 shares of the computer hardware maker's stock after acquiring an additional 8,672 shares during the quarter. NVIDIA comprises about 0.8% of Moss Adams Wealth Advisors LLC's holdings, making the stock its 17th biggest holding. Moss Adams Wealth Advisors LLC's holdings in NVIDIA were worth $7,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the 4th quarter worth $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now directly owns 201,044 shares of the company's stock, valued at $27,104,752.08. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,469,685 shares of company stock valued at $349,669,962. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. DA Davidson boosted their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Rosenblatt Securities raised their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $173.05.

NVIDIA Stock Performance

Shares of NVDA opened at $143.83 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a one year low of $86.62 and a one year high of $153.13. The company has a 50-day simple moving average of $126.37 and a two-hundred day simple moving average of $126.56. The firm has a market capitalization of $3.51 trillion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12.

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 return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business's quarterly revenue was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.