NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Blackhawk Capital Partners LLC.

Key Points

• Blackhawk Capital Partners LLC increased its stake in NVIDIA by **56.0%**, acquiring an additional 16,683 shares, which now represents about **2.6%** of their portfolio, valued at over **$5 million**.
• NVIDIA reported earnings of **$0.81 per share**, missing estimates by **$0.06**, despite a **69.2%** year-over-year revenue growth, achieving **$44.06 billion** in revenue for the quarter.
• Insiders sold over **5.3 million shares** of NVIDIA stock, with a total value exceeding **$800 million** in the last ninety days, indicating significant trading activity among company executives.

Blackhawk Capital Partners LLC. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 56.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,491 shares of the computer hardware maker's stock after purchasing an additional 16,683 shares during the period. NVIDIA makes up 2.6% of Blackhawk Capital Partners LLC.'s holdings, making the stock its 8th biggest holding. Blackhawk Capital Partners LLC.'s holdings in NVIDIA were worth $5,039,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Black Diamond Financial LLC grew its holdings in shares of NVIDIA by 5.8% in the first quarter. Black Diamond Financial LLC now owns 20,315 shares of the computer hardware maker's stock valued at $2,202,000 after purchasing an additional 1,120 shares in the last quarter. May Hill Capital LLC raised its position in NVIDIA by 6.3% in the 1st quarter. May Hill Capital LLC now owns 31,524 shares of the computer hardware maker's stock valued at $3,417,000 after purchasing an additional 1,865 shares during the last quarter. Hourglass Capital LLC raised its position in NVIDIA by 1.1% in the 1st quarter. Hourglass Capital LLC now owns 35,780 shares of the computer hardware maker's stock valued at $3,878,000 after purchasing an additional 400 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its position in NVIDIA by 7.7% during the 1st quarter. Garrett Wealth Advisory Group LLC now owns 7,003 shares of the computer hardware maker's stock worth $759,000 after buying an additional 498 shares during the last quarter. Finally, Brown Financial Advisory acquired a new position in shares of NVIDIA during the 1st quarter worth $303,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. Barclays raised their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Needham & Company LLC raised their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. The Goldman Sachs Group started coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target on the stock. Finally, Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.03.

NVIDIA Price Performance

Shares of NVDA stock traded up $6.28 during trading hours on Monday, hitting $180.00. 147,497,317 shares of the company's stock were exchanged, compared to its average volume of 248,133,797. The stock's 50-day moving average is $155.30 and its 200-day moving average is $132.28. 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 $4.39 trillion, a price-to-earnings ratio of 58.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business posted $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.29%.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,339,800 shares of company stock valued at $800,141,003 over the last 90 days. 4.17% of the stock is owned by insiders.

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.