Noble Wealth Management PBC Purchases 2,145 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Noble Wealth Management PBC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 98.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,325 shares of the computer hardware maker's stock after acquiring an additional 2,145 shares during the quarter. Noble Wealth Management PBC's holdings in NVIDIA were worth $469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc bought a new stake in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth about $40,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter valued at about $50,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director now owns 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the sale, the chief financial officer now owns 173,060 shares of the company's stock, valued at approximately $24,956,982.60. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,393,863 shares of company stock valued at $483,709,832 over the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Up 4.3%

NVDA stock opened at $154.31 on Thursday. The stock has a market capitalization of $3.77 trillion, a P/E ratio of 49.78, a P/E/G ratio of 1.31 and a beta of 2.12. 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 1-year low of $86.62 and a 1-year high of $154.45. The business has a fifty day moving average price of $128.75 and a 200-day moving average price of $126.78.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $175.78.

NVIDIA 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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