Private Wealth Partners LLC Boosts Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Private Wealth Partners LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 809,781 shares of the computer hardware maker's stock after buying an additional 48,719 shares during the quarter. NVIDIA accounts for about 7.3% of Private Wealth Partners LLC's investment portfolio, making the stock its 2nd largest position. Private Wealth Partners LLC's holdings in NVIDIA were worth $87,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management bought a new position in shares of NVIDIA during the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC raised its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA during the fourth quarter worth about $54,000. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the completion of the sale, the chief executive officer owned 75,023,225 shares of the company's stock, valued at $11,879,927,678.75. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 50,514 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of the sale, the director directly owned 1,974,784 shares of the company's stock, valued at approximately $312,746,542.08. This trade represents a 2.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,296,844 shares of company stock valued at $624,019,677. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA traded up $2.88 during trading hours on Wednesday, hitting $162.88. The company's stock had a trading volume of 182,635,717 shares, compared to its average volume of 267,107,945. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $164.34. 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 firm has a market capitalization of $3.97 trillion, a PE ratio of 52.54, a PEG ratio of 1.40 and a beta of 2.13. The company has a 50-day simple moving average of $138.39 and a 200 day simple moving average of $128.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, sell-side 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. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Mizuho boosted their price target on NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Truist Financial upped their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $176.47.

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.