NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by BigSur Wealth Management LLC

BigSur Wealth Management LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,933 shares of the computer hardware maker's stock after acquiring an additional 8,940 shares during the quarter. NVIDIA accounts for about 2.6% of BigSur Wealth Management LLC's holdings, making the stock its 6th biggest position. BigSur Wealth Management LLC's holdings in NVIDIA were worth $9,639,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hickory Point Bank & Trust acquired a new stake in NVIDIA in the fourth quarter valued at $2,272,000. BTC Capital Management Inc. lifted its holdings in NVIDIA by 2.3% in the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock valued at $35,785,000 after acquiring an additional 7,476 shares during the period. Capital Performance Advisors LLP lifted its holdings in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC lifted its holdings in NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after acquiring an additional 297 shares during the period. Finally, Strategy Asset Managers LLC lifted its holdings in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. TD Cowen raised their target price on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Mizuho raised their price target on NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Barclays raised their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Citigroup restated a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.78.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer now directly owns 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 50,980 shares of NVIDIA stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $156.92, for a total value of $7,999,781.60. Following the transaction, the director now directly owns 1,679,361 shares in the company, valued at approximately $263,525,328.12. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,792,267 shares of company stock valued at $544,823,117 over the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVDA opened at $157.75 on Friday. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a one year low of $86.62 and a one year high of $158.71. The stock's fifty day moving average is $130.96 and its 200-day moving average is $126.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

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.

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