NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Atwood & Palmer Inc.

Atwood & Palmer Inc. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,871 shares of the computer hardware maker's stock after purchasing an additional 2,163 shares during the quarter. Atwood & Palmer Inc.'s holdings in NVIDIA were worth $1,503,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $40,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 55,282 shares of NVIDIA stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22. Following the completion of the transaction, the director now owns 1,944,718 shares in the company, valued at $281,420,141.78. The trade was a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,393,863 shares of company stock worth $483,709,832 over the last quarter. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup reissued a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen increased their target price on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Thursday, April 3rd. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $175.78.

NVIDIA Trading Up 4.3%

Shares of NVDA stock traded up $6.41 during mid-day trading on Wednesday, hitting $154.31. 268,029,699 shares of the company's stock were exchanged, compared to its average volume of 269,997,187. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $154.45. The stock has a 50-day simple moving average of $128.75 and a two-hundred day simple moving average of $126.78. 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 $3.77 trillion, a price-to-earnings ratio of 49.78, a PEG ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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