NVIDIA Corporation (NASDAQ:NVDA) is Broderick Brian C's 2nd Largest Position

Broderick Brian C lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 227,160 shares of the computer hardware maker's stock after selling 13,385 shares during the quarter. NVIDIA makes up about 5.0% of Broderick Brian C's holdings, making the stock its 2nd largest position. Broderick Brian C's holdings in NVIDIA were worth $24,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Variant Private Wealth LLC lifted its holdings in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $2,272,000. BTC Capital Management Inc. lifted its stake in NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after buying an additional 7,476 shares in the last quarter. Capital Performance Advisors LLP grew its holdings in NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares during the last quarter. Finally, Waddell & Associates LLC increased its position in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after buying an additional 297 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA stock opened at $159.28 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98. The stock has a 50-day simple moving average of $136.38 and a 200-day simple moving average of $127.84. The firm has a market cap of $3.89 trillion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $44.06 billion for 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%. NVIDIA's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. On average, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The stock was 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 approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 51,740 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares of the company's stock, valued at $243,790,745.58. This trade represents a 3.18% decrease in their ownership of the stock. 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 quarter. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. DA Davidson lifted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Citigroup reissued a "buy" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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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