NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by C2C Wealth Management LLC

C2C Wealth Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 100.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,218 shares of the computer hardware maker's stock after purchasing an additional 3,110 shares during the quarter. C2C Wealth Management LLC's holdings in NVIDIA were worth $674,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC raised its position 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 acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on NVDA shares. Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. DA Davidson boosted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.

NVIDIA Trading Down 0.5%

Shares of NASDAQ NVDA opened at $164.07 on Tuesday. The stock has a market cap of $4.00 trillion, a price-to-earnings ratio of 52.93, a PEG ratio of 1.46 and a beta of 2.13. The business has a 50 day simple moving average of $142.53 and a 200 day simple moving average of $128.80. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $167.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 firm had revenue of $44.06 billion during 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 company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director A Brooke Seawell sold 49,131 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,520,246 shares of company stock valued at $660,253,045 in the last ninety days. Company insiders own 4.17% of the company's stock.

About NVIDIA

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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