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NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Richard C. Young & CO. LTD.

NVIDIA logo with Computer and Technology background

Richard C. Young & CO. LTD. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,168 shares of the computer hardware maker's stock after purchasing an additional 3,462 shares during the period. Richard C. Young & CO. LTD.'s holdings in NVIDIA were worth $12,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forte Capital LLC ADV increased its position in shares of NVIDIA by 0.4% during the first quarter. Forte Capital LLC ADV now owns 234,759 shares of the computer hardware maker's stock valued at $25,443,000 after acquiring an additional 871 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of NVIDIA by 11.9% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 960,111 shares of the computer hardware maker's stock valued at $104,057,000 after acquiring an additional 102,285 shares during the last quarter. Pettee Investors Inc. increased its position in shares of NVIDIA by 10.1% during the first quarter. Pettee Investors Inc. now owns 11,836 shares of the computer hardware maker's stock valued at $1,283,000 after acquiring an additional 1,085 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of NVIDIA by 7.3% during the first quarter. Kingsview Wealth Management LLC now owns 987,285 shares of the computer hardware maker's stock valued at $107,002,000 after acquiring an additional 66,986 shares during the last quarter. Finally, Frederick Financial Consultants LLC increased its position in shares of NVIDIA by 18.8% during the first quarter. Frederick Financial Consultants LLC now owns 19,706 shares of the computer hardware maker's stock valued at $2,136,000 after acquiring an additional 3,119 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,837,440 shares of company stock valued at $889,404,782. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 0.8%

NASDAQ NVDA opened at $181.62 on Thursday. The stock has a market capitalization of $4.43 trillion, a P/E ratio of 58.59, a P/E/G ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a 50-day moving average price of $162.34 and a 200 day moving average price of $134.56. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

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 firm had revenue of $44.06 billion for 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%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued 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 dividend payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NVDA shares. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Oppenheimer boosted their price target on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Citigroup lifted their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Jefferies Financial Group upped their price target on NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $185.97.

Get Our Latest Analysis on NVIDIA

NVIDIA Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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