NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,628 shares of the computer hardware maker's stock after purchasing an additional 2,098 shares during the quarter. NVIDIA accounts for 0.9% of Hutchens & Kramer Investment Management Group LLC's portfolio, making the stock its 26th largest position. Hutchens & Kramer Investment Management Group LLC's holdings in NVIDIA were worth $1,585,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $172.52, for a total transaction of $12,939,000.00. Following the completion of the transaction, the chief executive officer owned 74,348,225 shares of the company's stock, valued at approximately $12,826,555,777. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares of the company's stock, valued at $283,565,212.88. This represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,964,800 shares of company stock valued at $734,906,003 over the last quarter. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVDA shares. Raymond James Financial raised their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Truist Financial raised their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $181.22.

NVIDIA Stock Performance

Shares of NVDA stock opened at $167.03 on Wednesday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.08 trillion, a price-to-earnings ratio of 53.88, a P/E/G ratio of 1.51 and a beta of 2.13. The stock's fifty day simple moving average is $146.99 and its 200-day simple moving average is $129.81.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.

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.

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