Quotient Wealth Partners LLC Increases Stock Position 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 lifted its holdings 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 and Exchange Commission (SEC). The institutional investor owned 94,727 shares of the computer hardware maker's stock after buying an additional 8,888 shares during the quarter. NVIDIA accounts for 0.3% of Quotient Wealth Partners LLC's portfolio, making the stock its 29th biggest holding. Quotient Wealth Partners LLC's holdings in NVIDIA were worth $10,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at about $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first 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. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.7%

NASDAQ NVDA traded up $1.16 during mid-day trading on Wednesday, reaching $179.42. 135,021,387 shares of the stock were exchanged, compared to its average volume of 246,741,875. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30. 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 $4.38 trillion, a P/E ratio of 57.88, a P/E/G ratio of 1.59 and a beta of 2.14. The stock has a 50 day simple moving average of $157.13 and a 200-day simple moving average of $132.90.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the firm posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.29%.

Analyst Ratings Changes

A number of research firms have issued reports on NVDA. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group upped their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Citigroup upped their target price on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.03.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,489,800 shares of company stock valued at $826,553,003. 4.17% of the stock is currently owned by insiders.

NVIDIA Company 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.