ORG Wealth Partners LLC Has $5.04 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

ORG Wealth Partners LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 93.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,759 shares of the computer hardware maker's stock after purchasing an additional 22,087 shares during the period. NVIDIA accounts for 1.6% of ORG Wealth Partners LLC's portfolio, making the stock its 9th largest position. ORG Wealth Partners LLC's holdings in NVIDIA were worth $5,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Hartford Financial Management Inc. grew its holdings in shares of NVIDIA by 49.5% in the 1st quarter. Hartford Financial Management Inc. now owns 74,374 shares of the computer hardware maker's stock valued at $8,061,000 after buying an additional 24,613 shares during the period. Plimoth Trust Co. LLC grew its holdings in shares of NVIDIA by 12.6% in the 1st quarter. Plimoth Trust Co. LLC now owns 133,436 shares of the computer hardware maker's stock valued at $14,462,000 after buying an additional 14,936 shares during the period. Compass Capital Corp MA ADV grew its holdings in shares of NVIDIA by 11.8% in the 1st quarter. Compass Capital Corp MA ADV now owns 39,007 shares of the computer hardware maker's stock valued at $4,078,000 after buying an additional 4,103 shares during the period. HCR Wealth Advisors grew its holdings in shares of NVIDIA by 8.1% in the 1st quarter. HCR Wealth Advisors now owns 290,676 shares of the computer hardware maker's stock valued at $31,504,000 after buying an additional 21,779 shares during the period. Finally, Guided Capital Wealth Management LLC grew its holdings in shares of NVIDIA by 52.5% in the 1st quarter. Guided Capital Wealth Management LLC now owns 27,788 shares of the computer hardware maker's stock valued at $3,012,000 after buying an additional 9,568 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other news, Director A Brooke Seawell sold 51,740 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares of the company's stock, valued at approximately $243,790,745.58. This represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,044,919 shares of company stock valued at $584,414,209. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $1.10 on Monday, reaching $158.24. 139,658,637 shares of the company's stock were exchanged, compared to its average volume of 267,841,414. The company has a fifty day moving average of $136.38 and a 200-day moving average of $127.81. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $160.98. The company has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 51.05, a PEG ratio of 1.41 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Raymond James Financial boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Barclays boosted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Mizuho boosted their price objective on shares of NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.47.

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.