Elevated Capital Advisors LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,026 shares of the computer hardware maker's stock after purchasing an additional 3,635 shares during the quarter. Elevated Capital Advisors LLC's holdings in NVIDIA were worth $2,821,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $172.41 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The business has a 50-day moving average of $146.99 and a two-hundred day moving average of $129.81. The stock has a market capitalization of $4.21 trillion, a P/E ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the firm earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts predict 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 was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.
Analysts Set New Price Targets
NVDA has been the topic of several analyst reports. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Citigroup raised their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Mizuho set a $192.00 price target on NVIDIA and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Needham & Company LLC lifted their price target on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $181.22.
Read Our Latest Report on NVDA
Insiders Place Their Bets
In other news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,964,800 shares of company stock valued at $734,906,003. Company insiders own 4.17% of the company's stock.
NVIDIA Company Profile
(
Free Report)
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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