Vicus Capital Raises Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Vicus Capital raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,273 shares of the computer hardware maker's stock after purchasing an additional 2,887 shares during the period. Vicus Capital's holdings in NVIDIA were worth $4,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the 4th quarter worth $38,000. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter worth $50,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st 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 in the last quarter. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the 4th quarter worth $54,000. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. Truist Financial upped their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Raymond James Financial boosted their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $176.47.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the completion of the sale, the chief executive officer owned 75,023,225 shares of the company's stock, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 50,514 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $158.37, for a total value of $7,999,902.18. Following the completion of the sale, the director directly owned 1,974,784 shares of the company's stock, valued at approximately $312,746,542.08. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,296,844 shares of company stock valued at $624,019,677. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $1.10 during mid-day trading on Monday, reaching $158.24. 139,752,171 shares of the stock traded hands, compared to its average volume of 267,843,138. The business has a 50-day moving average of $137.37 and a 200 day moving average of $127.97. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The stock has a market capitalization of $3.86 trillion, a PE ratio of 51.05, a PEG ratio of 1.41 and a beta of 2.13. 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 (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

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.