NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Fisher Funds Management LTD

Fisher Funds Management LTD boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 42.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 398,543 shares of the computer hardware maker's stock after acquiring an additional 118,225 shares during the quarter. NVIDIA comprises 1.0% of Fisher Funds Management LTD's investment portfolio, making the stock its 26th biggest holding. Fisher Funds Management LTD's holdings in NVIDIA were worth $43,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 1.0%

Shares of NASDAQ NVDA traded down $1.80 during midday trading on Friday, reaching $176.07. 105,302,895 shares of the company's stock were exchanged, compared to its average volume of 248,096,203. 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 stock has a market capitalization of $4.30 trillion, a PE ratio of 56.78, a price-to-earnings-growth ratio of 1.58 and a beta of 2.13. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.30. The business's fifty day moving average price is $154.45 and its two-hundred day moving average price is $132.03.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total value of $13,405,500.00. Following the completion of the transaction, the chief executive officer directly owned 73,748,225 shares in the company, valued at $13,181,757,736.50. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the transaction, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,339,800 shares of company stock valued at $800,141,003 over the last three months. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NVDA shares. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Rosenblatt Securities raised their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. TD Cowen raised their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $182.03.

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.