NVIDIA Corporation (NASDAQ:NVDA) is RMR Wealth Builders' 7th Largest Position

RMR Wealth Builders lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 251,882 shares of the computer hardware maker's stock after selling 3,856 shares during the period. NVIDIA accounts for approximately 2.9% of RMR Wealth Builders' investment portfolio, making the stock its 7th biggest position. RMR Wealth Builders' holdings in NVIDIA were worth $27,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,272,000. BTC Capital Management Inc. raised its holdings in shares of NVIDIA by 2.3% in the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after buying an additional 7,476 shares during the period. Capital Performance Advisors LLP lifted its position 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 purchasing an additional 9,944 shares in the last quarter. Waddell & Associates LLC lifted its holdings in NVIDIA by 1.2% during the 4th 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 in the last quarter. Finally, Strategy Asset Managers LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Susquehanna restated a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, Oppenheimer reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $175.78.

NVIDIA Price Performance

NVDA stock opened at $157.75 on Friday. The stock has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. The stock's fifty day simple moving average is $130.96 and its 200-day simple moving average is $127.05. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $158.71. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Insider Activity

In other news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now owns 201,044 shares in the company, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 50,980 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the completion of the transaction, the director now owns 1,679,361 shares in the company, valued at $263,525,328.12. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. Company insiders own 4.17% of the company's stock.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.