NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Prevail Innovative Wealth Advisors LLC

Key Points

• Prevail Innovative Wealth Advisors LLC increased its stake in NVIDIA by 45.1%, acquiring an additional 21,169 shares, bringing their total to 68,087 shares valued at approximately $7.4 million.
• NVIDIA's recent quarterly earnings report showed earnings per share of $0.81, missing estimates by $0.06, while revenue reached $44.06 billion, exceeding expectations.
• The company recently declared a $0.01 quarterly dividend, reflecting a 0.0% yield, as part of its ongoing shareholder return strategy.

Prevail Innovative Wealth Advisors LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 45.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 68,087 shares of the computer hardware maker's stock after acquiring an additional 21,169 shares during the period. NVIDIA comprises about 2.0% of Prevail Innovative Wealth Advisors LLC's portfolio, making the stock its 6th largest holding. Prevail Innovative Wealth Advisors LLC's holdings in NVIDIA were worth $7,379,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in NVDA. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. LSV Asset Management acquired a new position in shares of NVIDIA in the fourth quarter worth $54,000. Finally, Delos Wealth Advisors LLC increased its stake in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock worth $66,000 after acquiring an additional 283 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 1.1%

Shares of NVDA opened at $182.67 on Monday. The stock has a market cap of $4.46 trillion, a price-to-earnings ratio of 58.93, a P/E/G ratio of 1.61 and a beta of 2.14. The company has a 50-day moving average price of $159.82 and a two-hundred day moving average price of $133.62. The company has a quick ratio of 2.96, a current ratio of 3.39 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 $183.88.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders 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 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVDA. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. DA Davidson upped their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Raymond James Financial upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.75.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares of the company's stock, valued at approximately $13,354,451,775.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,687,440 shares of company stock valued at $862,095,782. Company 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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