NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Embree Financial Group

Embree Financial Group lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,619 shares of the computer hardware maker's stock after buying an additional 7,990 shares during the period. NVIDIA makes up about 1.6% of Embree Financial Group's holdings, making the stock its 13th biggest holding. Embree Financial Group's holdings in NVIDIA were worth $9,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Norges Bank purchased a new position in NVIDIA in the fourth quarter valued at approximately $43,515,504,000. GAMMA Investing LLC lifted its stake in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp lifted its stake in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Citigroup upped their target price on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Truist Financial upped their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $177.03.

Insiders Place Their Bets

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

NVIDIA Stock Down 0.5%

NVIDIA stock 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 company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company's 50-day moving average price is $142.53 and its two-hundred day moving average price is $128.80. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $167.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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 net margin of 51.69% and a return on equity of 105.09%. The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company 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. 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 is presently 1.29%.

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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