NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Northwest Wealth Management LLC

Northwest Wealth Management LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,051 shares of the computer hardware maker's stock after acquiring an additional 2,277 shares during the period. NVIDIA comprises approximately 0.8% of Northwest Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Northwest Wealth Management LLC's holdings in NVIDIA were worth $4,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Condor Capital Management raised its holdings in NVIDIA by 3.6% during the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after acquiring an additional 89 shares in the last quarter. Kelly Financial Services LLC raised its stake in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after buying an additional 94 shares during the period. Foundry Financial Group Inc. raised its stake in NVIDIA by 2.2% in the fourth quarter. Foundry Financial Group Inc. now owns 4,387 shares of the computer hardware maker's stock valued at $589,000 after buying an additional 96 shares during the period. Mendel Capital Management LLC raised its stake in NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after buying an additional 96 shares during the period. Finally, Wallace Hart LLC raised its stake in NVIDIA by 3.9% in the fourth quarter. Wallace Hart LLC now owns 2,599 shares of the computer hardware maker's stock valued at $349,000 after buying an additional 97 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC upped their price objective on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. DA Davidson upped their price objective on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Bank of America upped their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company'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 transaction, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,114,800 shares of company stock worth $760,553,003. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Down 0.1%

NASDAQ:NVDA traded down $0.24 during midday trading on Friday, reaching $173.50. 121,814,931 shares of the stock traded hands, compared to its average volume of 162,110,176. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $174.72. The business has a 50-day moving average of $150.95 and a two-hundred day moving average of $130.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $4.23 trillion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company'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 Dividend Announcement

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

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.