NVIDIA Corporation (NASDAQ:NVDA) Position Boosted by Heirloom Wealth Management

Heirloom Wealth Management raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,764 shares of the computer hardware maker's stock after acquiring an additional 25,569 shares during the quarter. NVIDIA makes up 6.0% of Heirloom Wealth Management's investment portfolio, making the stock its 4th largest holding. Heirloom Wealth Management's holdings in NVIDIA were worth $20,783,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $38,000. Copia Wealth Management acquired a new position in NVIDIA in the fourth quarter worth approximately $50,000. Bruce G. Allen Investments LLC increased its holdings in 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 during the last quarter. Finally, LSV Asset Management acquired a new position in NVIDIA in the fourth quarter worth approximately $54,000. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00. Following the completion of the sale, the chief executive officer owned 74,348,225 shares of the company's stock, valued at approximately $12,826,555,777. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. Raymond James Financial upped their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Oppenheimer upped their target price on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.22.

NVIDIA Price Performance

NVIDIA stock opened at $172.41 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.25. The business has a 50-day simple moving average of $146.99 and a 200 day simple moving average of $129.81. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13.

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 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 firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

NVIDIA 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.

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