NVIDIA Corporation (NASDAQ:NVDA) is Private Wealth Partners LLC's 2nd Largest Position

Private Wealth Partners LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 809,781 shares of the computer hardware maker's stock after purchasing an additional 48,719 shares during the quarter. NVIDIA accounts for 7.3% of Private Wealth Partners LLC's portfolio, making the stock its 2nd biggest position. Private Wealth Partners LLC's holdings in NVIDIA were worth $87,764,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth $50,000. LSV Asset Management bought a new stake in NVIDIA during the 4th quarter valued at approximately $54,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA traded up $1.22 during trading hours on Thursday, reaching $164.10. 167,093,998 shares of the company were exchanged, compared to its average volume of 266,706,768. 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 cap of $4.00 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.44 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $164.70. The stock's 50-day moving average is $139.47 and its 200-day moving average is $128.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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 company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday. They set a "buy" rating and a $185.00 price objective for the company. One investment 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 given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $177.03.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, 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 $312,746,542.08. This trade represents a 2.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 7th. The shares were 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 in the company, valued at $11,879,927,678.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,296,844 shares of company stock worth $624,019,677. 4.17% of the stock is currently owned by corporate insiders.

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.