NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Lauer Wealth LLC

Key Points

• Lauer Wealth LLC increased its stake in NVIDIA Corporation by 38.0% during the first quarter, acquiring a total of 6,120 shares worth approximately $667,000.
• Multiple institutional investors, including FMR LLC and Geode Capital Management LLC, have significantly boosted their holdings in NVIDIA, indicating strong continued interest in the stock.
• NVIDIA announced a quarterly dividend of $0.01 per share, reflecting a low yield of 0.0%, while its stock has seen considerable price movement, reaching a one-year high of $183.88.

Lauer Wealth LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 38.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,120 shares of the computer hardware maker's stock after buying an additional 1,685 shares during the quarter. NVIDIA comprises about 0.5% of Lauer Wealth LLC's investment portfolio, making the stock its 23rd biggest position. Lauer Wealth LLC's holdings in NVIDIA were worth $667,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after purchasing an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC boosted 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 raised its position in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares during the period. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp raised its position in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the sale, the chief executive officer directly owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,687,440 shares of company stock worth $862,095,782. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA opened at $182.67 on Monday. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 58.93, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $183.88. The business has a 50 day moving average price of $159.82 and a two-hundred day moving average price of $133.62.

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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company 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%. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. 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 1.29%.

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. Raymond James Financial increased their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group began coverage on NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 target price on the stock. Finally, BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $183.75.

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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