Brookstone Capital Management raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 917,836 shares of the computer hardware maker's stock after acquiring an additional 23,603 shares during the period. NVIDIA makes up 1.4% of Brookstone Capital Management's portfolio, making the stock its 7th largest holding. Brookstone Capital Management's holdings in NVIDIA were worth $99,475,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in NVDA. Astoria Portfolio Advisors LLC. boosted its stake in shares of NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group boosted its stake in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC boosted its stake in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its stake in shares of NVIDIA by 20.6% during 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. Finally, Financial Perspectives Inc boosted its stake in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NVDA has been the subject of several recent analyst reports. Rosenblatt Securities raised their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. TD Cowen raised their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Truist Financial raised their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Bank of America raised their price target on shares of NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $182.03.
Read Our Latest Research Report on NVDA
NVIDIA Price Performance
Shares of NASDAQ NVDA traded down $4.15 during midday trading on Friday, reaching $173.72. The company's stock had a trading volume of 203,669,565 shares, compared to its average volume of 248,821,531. 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 50 day moving average price of $154.45 and a 200 day moving average price of $132.03. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30. The company has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.04, a price-to-earnings-growth ratio of 1.58 and a beta of 2.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the business earned $0.61 earnings per share. The business's revenue was up 69.2% on a year-over-year basis. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Insider Activity at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the business'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 value of $131,760,200.00. Following the completion of the sale, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,339,800 shares of company stock worth $800,141,003 in the last 90 days. 4.17% of the stock is owned by corporate insiders.
About NVIDIA
(
Free Report)
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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