NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 499,748 shares of the computer hardware maker's stock after acquiring an additional 28,102 shares during the quarter. NVIDIA comprises about 5.0% of China Universal Asset Management Co. Ltd.'s portfolio, making the stock its 3rd largest position. China Universal Asset Management Co. Ltd.'s holdings in NVIDIA were worth $54,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer directly owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This represents a 2.74% 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 worth $800,141,003 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Down 2.3%

Shares of NASDAQ NVDA opened at $173.72 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30. The stock has a market capitalization of $4.24 trillion, a P/E ratio of 56.04, a PEG ratio of 1.57 and a beta of 2.14. The firm's 50 day simple moving average is $155.30 and its two-hundred day simple moving average is $132.32.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. As a group, analysts expect 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. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho set a $192.00 target price on NVIDIA and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup boosted their target price on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Needham & Company LLC increased their price objective on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $182.03.

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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