PUREfi Wealth LLC Purchases 1,811 Shares of NVIDIA Corporation (NASDAQ:NVDA)

PUREfi Wealth LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,209 shares of the computer hardware maker's stock after acquiring an additional 1,811 shares during the quarter. NVIDIA makes up about 1.0% of PUREfi Wealth LLC's portfolio, making the stock its 19th largest position. PUREfi Wealth LLC's holdings in NVIDIA were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlueSky Wealth Advisors LLC boosted its stake in NVIDIA by 0.5% during the first quarter. BlueSky Wealth Advisors LLC now owns 53,539 shares of the computer hardware maker's stock worth $5,803,000 after acquiring an additional 252 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in NVIDIA by 243.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,220,279 shares of the computer hardware maker's stock worth $133,942,000 after acquiring an additional 865,068 shares in the last quarter. Ayalon Insurance Comp Ltd. boosted its stake in NVIDIA by 20.3% during the first quarter. Ayalon Insurance Comp Ltd. now owns 62,725 shares of the computer hardware maker's stock worth $6,799,000 after acquiring an additional 10,569 shares in the last quarter. Accelerate Investment Advisors LLC boosted its stake in NVIDIA by 7.9% during the first quarter. Accelerate Investment Advisors LLC now owns 16,752 shares of the computer hardware maker's stock worth $1,816,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Pegasus Asset Management Inc. boosted its stake in NVIDIA by 0.3% during the first quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker's stock worth $8,318,000 after acquiring an additional 197 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA traded down $1.10 during trading hours on Monday, reaching $158.24. 139,752,171 shares of the company were exchanged, compared to its average volume of 267,843,050. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98. The business's 50 day simple moving average is $136.38 and its 200-day simple moving average is $127.81. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.86 trillion, a P/E ratio of 51.05, a P/E/G ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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). The business had revenue of $44.06 billion for 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 revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders 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 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Finally, KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. One 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.47.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the 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 completion of the transaction, the director owned 26,671,360 shares in the company, valued at $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 available through this link. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was 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 of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,044,919 shares of company stock worth $584,414,209 over the last ninety days. Company insiders own 4.17% of the company's stock.

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.