Quotient Wealth Partners LLC Raises Stake in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Quotient Wealth Partners LLC increased its stake in NVIDIA Corporation by 10.4% in Q1, owning 94,727 shares valued at approximately $10.27 million.
• NVIDIA's stock experienced a growth of 3.6%, bringing its share price to $180.00, with projected earnings per share of 2.77 for the current fiscal year.
• The company announced a quarterly dividend of $0.01 after its latest earnings report, which showed a net margin of 51.69% and revenue of $44.06 billion.

Quotient Wealth Partners LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,727 shares of the computer hardware maker's stock after acquiring an additional 8,888 shares during the quarter. NVIDIA makes up 0.3% of Quotient Wealth Partners LLC's holdings, making the stock its 29th biggest position. Quotient Wealth Partners LLC's holdings in NVIDIA were worth $10,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Interstate Bank raised its position in shares of NVIDIA by 75.0% in the first quarter. First Interstate Bank now owns 37,158 shares of the computer hardware maker's stock valued at $4,027,000 after purchasing an additional 15,920 shares during the period. Alpha Financial Partners LLC raised its position in shares of NVIDIA by 2.8% in the first quarter. Alpha Financial Partners LLC now owns 5,123 shares of the computer hardware maker's stock valued at $555,000 after purchasing an additional 138 shares during the period. Topsail Wealth Management LLC raised its position in shares of NVIDIA by 19.2% in the first quarter. Topsail Wealth Management LLC now owns 12,143 shares of the computer hardware maker's stock valued at $1,316,000 after purchasing an additional 1,956 shares during the period. Wealth Advisory Solutions LLC raised its position in shares of NVIDIA by 4.6% in the first quarter. Wealth Advisory Solutions LLC now owns 2,945 shares of the computer hardware maker's stock valued at $319,000 after purchasing an additional 129 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in shares of NVIDIA by 9.6% in the first quarter. Axxcess Wealth Management LLC now owns 551,657 shares of the computer hardware maker's stock valued at $59,789,000 after purchasing an additional 48,158 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Activity

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,537,440 shares of company stock valued at $835,035,782. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several research reports. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Piper Sandler reissued an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, Morgan Stanley upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.75.

NVIDIA Trading Up 0.7%

NVIDIA stock traded up $1.28 during trading hours on Friday, reaching $182.05. The stock had a trading volume of 75,031,630 shares, compared to its average volume of 244,965,844. The company has a fifty day simple moving average of $158.85 and a 200-day simple moving average of $133.52. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market cap of $4.44 trillion, a PE ratio of 58.63, a PEG ratio of 1.58 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). 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 analysts' expectations of $43.09 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 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.