Barrett & Company Inc. Buys 4,795 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Barrett & Company Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,231 shares of the computer hardware maker's stock after purchasing an additional 4,795 shares during the period. NVIDIA comprises 4.5% of Barrett & Company Inc.'s holdings, making the stock its 4th biggest holding. Barrett & Company Inc.'s holdings in NVIDIA were worth $10,538,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth about $38,000. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter worth about $50,000. LSV Asset Management bought a new position in NVIDIA in the 4th quarter worth about $54,000. Finally, Bruce G. Allen Investments LLC grew 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 worth $53,000 after acquiring an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. Truist Financial upped their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Raymond James Financial upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Bank of America upped their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $176.47.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $2.88 during midday trading on Wednesday, reaching $162.88. The company's stock had a trading volume of 182,913,096 shares, compared to its average volume of 267,031,868. The firm has a market capitalization of $3.97 trillion, a PE ratio of 52.54, a P/E/G ratio of 1.42 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $164.42. The stock has a fifty day moving average of $139.47 and a 200 day moving average of $128.43. The company has a quick ratio of 2.96, a current ratio of 3.39 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). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the sale, the chief executive officer owned 75,023,225 shares in the company, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 50,514 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $158.37, for a total transaction of $7,999,902.18. Following the sale, the director owned 1,974,784 shares in the company, valued at approximately $312,746,542.08. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,296,844 shares of company stock worth $624,019,677 in the last quarter. Company insiders own 4.17% of the company's stock.

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.