NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,059 shares of the computer hardware maker's stock after purchasing an additional 7,276 shares during the quarter. NVIDIA comprises approximately 1.1% of MFA Wealth Advisors LLC's portfolio, making the stock its 22nd biggest position. MFA Wealth Advisors LLC's holdings in NVIDIA were worth $4,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LifeWealth Investments LLC boosted its holdings in shares of NVIDIA by 115.1% in the first quarter. LifeWealth Investments LLC now owns 50,972 shares of the computer hardware maker's stock valued at $5,524,000 after acquiring an additional 27,278 shares during the period. Barrett & Company Inc. boosted its holdings in shares of NVIDIA by 5.2% in the first quarter. Barrett & Company Inc. now owns 97,231 shares of the computer hardware maker's stock valued at $10,538,000 after acquiring an additional 4,795 shares during the period. JBR Co Financial Management Inc boosted its holdings in shares of NVIDIA by 0.9% in the first quarter. JBR Co Financial Management Inc now owns 200,385 shares of the computer hardware maker's stock valued at $21,718,000 after acquiring an additional 1,808 shares during the period. Marino Stram & Associates LLC boosted its holdings in shares of NVIDIA by 8.4% in the first quarter. Marino Stram & Associates LLC now owns 9,386 shares of the computer hardware maker's stock valued at $1,017,000 after acquiring an additional 728 shares during the period. Finally, PUREfi Wealth LLC boosted its holdings in shares of NVIDIA by 24.5% in the first quarter. PUREfi Wealth LLC now owns 9,209 shares of the computer hardware maker's stock valued at $998,000 after acquiring an additional 1,811 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA traded down $1.10 during trading hours on Monday, reaching $158.24. 139,752,171 shares of the company traded hands, compared to its average volume of 267,843,050. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.86 trillion, a PE ratio of 51.05, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The stock has a fifty day simple moving average of $136.38 and a 200 day simple moving average of $127.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $157.53, for a total value of $11,814,750.00. Following the completion of the sale, the chief executive officer directly owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,044,919 shares of company stock valued at $584,414,209. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent research reports. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.47.

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.