NVIDIA Corporation (NASDAQ:NVDA) is Blue Square Asset Management LLC's 6th Largest Position

Key Points

• Blue Square Asset Management LLC increased its holdings in NVIDIA Corporation by 26.3%, making it their 6th largest position with over 62,000 shares valued at approximately $6.73 million.
• Several hedge funds have also boosted their stakes in NVIDIA, with notable increases from firms like Hudson Value Partners and Brighton Jones LLC, indicating strong institutional interest in the stock.
• Analysts remain optimistic about NVIDIA, with a consensus rating of "Moderate Buy" and an average price target of $183.75, as they respond to recent earnings and forecasts.

Blue Square Asset Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 26.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,110 shares of the computer hardware maker's stock after buying an additional 12,941 shares during the period. NVIDIA accounts for approximately 3.6% of Blue Square Asset Management LLC's holdings, making the stock its 6th biggest position. Blue Square Asset Management LLC's holdings in NVIDIA were worth $6,731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Group Ltd. raised its position in NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the last quarter. Brighton Jones LLC increased its holdings in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE boosted its stake in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after acquiring an additional 3,653 shares during the period. Finally, Hudson Value Partners LLC lifted its holdings in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NVDA shares. The Goldman Sachs Group began coverage on shares of NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price target on the stock. Citigroup upped their target price on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, July 7th. TD Cowen upped their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Jefferies Financial Group upped their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Finally, Raymond James Financial boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $183.75.

NVIDIA Stock Up 0.7%

NVDA stock opened at $179.42 on Thursday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.38 trillion, a price-to-earnings ratio of 57.88, a PEG ratio of 1.57 and a beta of 2.14. The firm has a 50-day moving average of $158.02 and a two-hundred day moving average of $133.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. As a group, analysts forecast 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. 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 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the business'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 completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,537,440 shares of company stock worth $835,035,782. 4.17% of the stock is owned by company insiders.

About NVIDIA

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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