NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,028,241 shares of the computer hardware maker's stock after acquiring an additional 19,090 shares during the period. NVIDIA accounts for 5.3% of CWA Asset Management Group LLC's portfolio, making the stock its 2nd largest holding. CWA Asset Management Group LLC's holdings in NVIDIA were worth $111,441,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $157.53, for a total value of $11,814,750.00. Following the completion of the sale, the chief executive officer owned 75,323,225 shares of the company's stock, valued at approximately $11,865,667,634.25. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 51,740 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the sale, the director directly owned 1,576,709 shares of the company's stock, valued at $243,790,745.58. The trade was a 3.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,044,919 shares of company stock valued at $584,414,209 in the last three months. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America raised their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Truist Financial raised 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. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research note on Monday, June 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.47.

NVIDIA Trading Down 0.7%

NVIDIA stock traded down $1.10 during trading hours on Monday, hitting $158.24. The company had a trading volume of 139,752,171 shares, compared to its average volume of 267,843,050. The firm has a market cap of $3.86 trillion, a P/E ratio of 51.05, a P/E/G ratio of 1.41 and a beta of 2.13. 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 company has a 50-day moving average price of $136.38 and a two-hundred day moving average price of $127.81.

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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company 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%. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share 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 given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

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.