NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Aries Wealth Management

Aries Wealth Management lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 26.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,995 shares of the computer hardware maker's stock after purchasing an additional 2,885 shares during the quarter. Aries Wealth Management's holdings in NVIDIA were worth $1,517,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NVDA. FMR LLC boosted its holdings in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Norges Bank purchased a new stake in NVIDIA in the fourth quarter valued at $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA stock traded down $4.69 during trading hours on Tuesday, reaching $153.30. The company had a trading volume of 212,374,746 shares, compared to its average volume of 268,672,682. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $158.71. 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 company has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 49.45, a PEG ratio of 1.40 and a beta of 2.12. The stock has a fifty day moving average of $132.18 and a 200-day moving average of $127.06.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 quarter in the previous year, the company earned $0.61 earnings per share. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NVDA shares. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Bank of America lifted their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. DA Davidson upped their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.78.

Insider Activity

In related news, CFO Colette Kress sold 20,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $144.21, for a total value of $2,884,200.00. Following the transaction, the chief financial officer directly owned 173,060 shares in the company, valued at approximately $24,956,982.60. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,792,267 shares of company stock worth $544,823,117. Corporate insiders own 4.17% of the company's stock.

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.