NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Family Legacy Inc.

Family Legacy Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 32.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,089 shares of the computer hardware maker's stock after purchasing an additional 2,963 shares during the period. Family Legacy Inc.'s holdings in NVIDIA were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $43,515,504,000. GAMMA Investing LLC increased its position in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Northern Trust Corp increased its position in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 0.5%

NVDA opened at $164.07 on Tuesday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm's fifty day moving average price is $142.53 and its two-hundred day moving average price is $128.80. The company has a market capitalization of $4.00 trillion, a P/E ratio of 52.93, a P/E/G ratio of 1.46 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid 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 0.02%. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the transaction, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 49,131 shares of NVIDIA stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the transaction, the director directly owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report 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 issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $177.03.

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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