Accurate Wealth Management LLC Acquires 2,483 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Accurate Wealth Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,806 shares of the computer hardware maker's stock after acquiring an additional 2,483 shares during the quarter. NVIDIA accounts for 1.8% of Accurate Wealth Management LLC's portfolio, making the stock its 8th largest holding. Accurate Wealth Management LLC's holdings in NVIDIA were worth $9,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ayrshire Capital Management LLC lifted its stake in shares of NVIDIA by 442.2% in the first quarter. Ayrshire Capital Management LLC now owns 23,627 shares of the computer hardware maker's stock valued at $2,561,000 after buying an additional 19,269 shares during the period. Prairie Sky Financial Group LLC increased its stake in NVIDIA by 10.7% during the first quarter. Prairie Sky Financial Group LLC now owns 6,966 shares of the computer hardware maker's stock valued at $755,000 after acquiring an additional 673 shares during the period. Shira Ridge Wealth Management raised its holdings in NVIDIA by 4.6% in the 1st quarter. Shira Ridge Wealth Management now owns 6,620 shares of the computer hardware maker's stock valued at $718,000 after acquiring an additional 290 shares in the last quarter. Attessa Capital LLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $334,000. Finally, Fiduciary Financial Group LLC grew its holdings in shares of NVIDIA by 2.8% during the 1st quarter. Fiduciary Financial Group LLC now owns 70,290 shares of the computer hardware maker's stock worth $7,561,000 after purchasing an additional 1,929 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVDA. Raymond James Financial increased 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. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.05.

NVIDIA Stock Up 2.6%

NVDA stock traded up $3.73 during trading hours on Tuesday, reaching $147.90. 187,010,174 shares of the stock were exchanged, compared to its average volume of 270,622,127. The company has a market cap of $3.61 trillion, a price-to-earnings ratio of 47.71, a PEG ratio of 1.27 and a beta of 2.12. The firm's 50-day moving average is $127.76 and its 200-day moving average is $126.59. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total value of $17,338,942.44. Following the transaction, the director now directly owns 10,149,697 shares of the company's stock, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,393,863 shares of company stock valued at $483,709,832. Insiders own 4.17% of the company's stock.

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.