NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Howard Bailey Securities LLC

Howard Bailey Securities LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,632 shares of the computer hardware maker's stock after acquiring an additional 2,007 shares during the period. Howard Bailey Securities LLC's holdings in NVIDIA were worth $2,344,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new position in NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock traded up $3.95 during mid-day trading on Wednesday, hitting $157.25. 170,637,789 shares of the stock were exchanged, compared to its average volume of 263,404,531. 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 stock has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 50.73, a P/E/G ratio of 1.40 and a beta of 2.13. The stock's fifty day simple moving average is $133.27 and its two-hundred day simple moving average is $127.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. 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. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.78.

Insider Transactions at NVIDIA

In other NVIDIA news, 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 transaction of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 51,740 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total value of $8,000,038.80. Following the sale, the director owned 1,576,709 shares of the company's stock, valued at $243,790,745.58. This trade represents a 3.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,044,919 shares of company stock worth $584,414,209. Company 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.