Norris Perne & French LLP MI Purchases 2,767 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Norris Perne & French LLP MI lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,682 shares of the computer hardware maker's stock after acquiring an additional 2,767 shares during the period. Norris Perne & French LLP MI's holdings in NVIDIA were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $38,000. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at approximately $50,000. LSV Asset Management bought a new position in NVIDIA in the 4th quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC lifted its stake in NVIDIA by 198.2% in the 1st 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 last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 1.3%

NVIDIA stock opened at $159.28 on Monday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $160.98. The firm has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The firm's fifty day moving average price is $136.38 and its two-hundred day moving average price is $127.81. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 the consensus estimate of $43.09 billion. During the same period last year, the business posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock valued at $584,414,209 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho upped their price target on shares of NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday. Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, Benchmark restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $176.19.

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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