Prudent Man Advisors LLC Purchases 1,571 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Prudent Man Advisors LLC increased its NVIDIA shares by 4.3%, owning a total of 38,435 shares valued at approximately $4.17 million, making it the 11th largest position in their portfolio.
• Major financial institutions such as Mizuho and Citi have recently raised their target prices for NVIDIA, with a consensus target of $183.75 and a majority rating of "buy".
• Two key directors sold a combined total of 1.93 million shares in June, reflecting a significant decrease in their ownership, while insiders overall have sold 5.69 million shares valued at $862 million in the last quarter.

Prudent Man Advisors LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,435 shares of the computer hardware maker's stock after acquiring an additional 1,571 shares during the quarter. NVIDIA comprises about 1.5% of Prudent Man Advisors LLC's investment portfolio, making the stock its 11th largest holding. Prudent Man Advisors LLC's holdings in NVIDIA were worth $4,166,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NVDA. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group grew its holdings in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC grew its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC grew its holdings in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc boosted its position in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after buying an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Activity

In related 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 $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,687,440 shares of company stock worth $862,095,782 over the last ninety days. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NVDA shares. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Barclays lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Mizuho set a $192.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $183.75.

NVIDIA Trading Down 0.4%

NASDAQ NVDA traded down $0.64 during trading on Monday, hitting $182.06. 138,011,711 shares of the company's stock traded hands, compared to its average volume of 244,601,375. The stock has a fifty day moving average of $159.82 and a two-hundred day moving average of $133.62. 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 12-month low of $86.62 and a 12-month high of $183.88. The firm has a market cap of $4.44 trillion, a P/E ratio of 58.73, a PEG ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.29%.

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.