Goldstone Financial Group LLC Purchases 4,511 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Goldstone Financial Group LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SC&H Financial Advisors Inc. boosted its holdings in shares of NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after buying an additional 80 shares during the period. DecisionPoint Financial LLC increased its holdings in shares of NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after purchasing an additional 80 shares during the period. BCR Wealth Strategies LLC lifted its position in shares of NVIDIA by 3.1% during the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after acquiring an additional 89 shares during the period. Condor Capital Management raised its position in shares of NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after buying an additional 89 shares in the last quarter. Finally, Squire Investment Management Company LLC boosted its holdings in shares of NVIDIA by 4.0% in the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock valued at $317,000 after purchasing an additional 91 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm's 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 sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 51,740 shares of NVIDIA stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total value of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares in the company, valued at approximately $243,790,745.58. This represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,044,919 shares of company stock valued at $584,414,209. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NVDA shares. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Mizuho upped their price target on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Piper Sandler reissued an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $175.78.

NVIDIA Stock Performance

NASDAQ NVDA traded up $3.45 during trading on Wednesday, hitting $156.75. 121,526,808 shares of the company's stock traded hands, compared to its average volume of 268,046,657. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.40 and a beta of 2.13. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $158.71. The business has a 50 day moving average of $133.27 and a 200-day moving average of $127.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm earned $0.61 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.