NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Independent Investors Inc.

Independent Investors Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 50.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,865 shares of the computer hardware maker's stock after purchasing an additional 5,965 shares during the period. Independent Investors Inc.'s holdings in NVIDIA were worth $1,936,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter valued at $50,000. LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter valued at $54,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NVDA shares. Mizuho set a $192.00 target price on NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Loop Capital increased their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Truist Financial increased their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $183.75.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the sale, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,537,440 shares of company stock worth $835,035,782. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.8%

NASDAQ:NVDA opened at $180.77 on Friday. The business's 50-day moving average is $158.85 and its two-hundred day moving average is $133.52. 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 12 month low of $86.62 and a 12 month high of $183.88. The firm has a market capitalization of $4.41 trillion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 1.58 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the business earned $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given 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 of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is presently 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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