SMART Wealth LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,824 shares of the computer hardware maker's stock after purchasing an additional 6,513 shares during the quarter. NVIDIA comprises about 3.1% of SMART Wealth LLC's investment portfolio, making the stock its 4th biggest position. SMART Wealth LLC's holdings in NVIDIA were worth $8,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the fourth quarter worth approximately $38,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter valued at $50,000. LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter valued at $54,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter valued at $51,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Price Performance
NVIDIA stock traded down $4.15 during midday trading on Friday, reaching $173.72. 203,669,565 shares of the stock were exchanged, compared to its average volume of 248,821,531. The company's fifty day moving average is $154.45 and its 200-day moving average is $132.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market cap of $4.24 trillion, a PE ratio of 56.04, a PEG ratio of 1.58 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
Insider Buying and Selling at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock valued at $800,141,003 in the last quarter. 4.17% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on NVDA shares. Needham & Company LLC boosted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Truist Financial upped their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Morgan Stanley upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.03.
Read Our Latest Research Report on NVIDIA
About NVIDIA
(
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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