NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Vision Capital Management Inc.

Key Points

• Vision Capital Management Inc. increased its holdings in NVIDIA Corporation by 1.4% during the first quarter, owning 103,930 shares worth approximately $11.26 million.
• NVIDIA reported a missed earnings estimate with $0.81 EPS for the quarter, falling short of the expected $0.87, but demonstrated significant year-over-year revenue growth of 69.2% to $44.06 billion.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with price targets ranging from $182.03 to $220.00.

Vision Capital Management Inc. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,930 shares of the computer hardware maker's stock after purchasing an additional 1,474 shares during the quarter. NVIDIA accounts for approximately 1.6% of Vision Capital Management Inc.'s investment portfolio, making the stock its 15th largest holding. Vision Capital Management Inc.'s holdings in NVIDIA were worth $11,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter valued at approximately $50,000. LSV Asset Management purchased a new position in NVIDIA during the fourth quarter valued at approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $178.26 on Wednesday. The business's fifty day simple moving average is $157.13 and its 200-day simple moving average is $132.90. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. 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 firm has a market cap of $4.35 trillion, a PE ratio of 57.50, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

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

NVIDIA Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The stock was 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 in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,489,800 shares of company stock worth $826,553,003 in the last 90 days. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Mizuho set a $192.00 price objective on NVIDIA and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Needham & Company LLC boosted their price objective on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

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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