NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,725 shares of the computer hardware maker's stock after acquiring an additional 4,511 shares during the period. Goldstone Financial Group LLC's holdings in NVIDIA were worth $3,222,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter worth about $2,272,000. BTC Capital Management Inc. raised its position in shares of NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock worth $35,785,000 after purchasing an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP raised its position in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its position in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after purchasing an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC raised its position in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $157.75 on Friday. The stock has a 50 day moving average of $130.96 and a two-hundred day moving average of $126.97. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.71. The company has a market capitalization of $3.85 trillion, a P/E ratio of 50.89, a P/E/G ratio of 1.40 and a beta of 2.12.

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 during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company's quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is 1.29%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NVDA. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James Financial upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director now directly owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president now directly owns 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,792,267 shares of company stock valued at $544,823,117 in the last three months. Corporate insiders own 4.17% of the company's stock.

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.

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