Brown Miller Wealth Management LLC Increases Stake in NVIDIA Corporation (NASDAQ:NVDA)

Brown Miller Wealth Management LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,375 shares of the computer hardware maker's stock after buying an additional 4,981 shares during the quarter. NVIDIA comprises approximately 10.7% of Brown Miller Wealth Management LLC's holdings, making the stock its largest position. Brown Miller Wealth Management LLC's holdings in NVIDIA were worth $31,037,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter worth about $2,272,000. BTC Capital Management Inc. increased its position 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 worth $35,785,000 after buying an additional 7,476 shares during the period. Capital Performance Advisors LLP lifted its holdings in shares of NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Waddell & Associates LLC lifted its holdings in shares of 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 during the last quarter. Finally, Strategy Asset Managers LLC boosted its position in shares of NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after acquiring an additional 405 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction 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. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the completion of the sale, the chief executive officer owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. This trade represents a 0.10% 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 in the last ninety days. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.5%

Shares of NVDA traded up $2.41 on Thursday, reaching $159.66. 74,310,144 shares of the company's stock were exchanged, compared to its average volume of 267,687,954. The business has a 50 day moving average price of $134.36 and a two-hundred day moving average price of $127.45. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $160.93. The stock has a market capitalization of $3.90 trillion, a P/E ratio of 51.51, a price-to-earnings-growth ratio of 1.36 and a beta of 2.13.

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 (EPS) 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 company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research analyst reports. Truist Financial upped their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, TD Cowen upped their price target on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One research 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $176.19.

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.