NVIDIA Corporation (NASDAQ:NVDA) Stake Raised by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,900 shares of the computer hardware maker's stock after buying an additional 10,858 shares during the period. NVIDIA accounts for about 1.4% of Clear Creek Financial Management LLC's investment portfolio, making the stock its 11th biggest holding. Clear Creek Financial Management LLC's holdings in NVIDIA were worth $13,320,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. LSV Asset Management acquired a new position in NVIDIA in the fourth quarter worth approximately $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. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,114,800 shares of company stock worth $760,553,003 in the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.1%

NVIDIA stock opened at $173.50 on Friday. The firm has a market cap of $4.23 trillion, a price-to-earnings ratio of 55.97, a P/E/G ratio of 1.53 and a beta of 2.13. 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 fifty-two week low of $86.62 and a fifty-two week high of $174.72. The firm has a fifty day moving average price of $150.95 and a two-hundred day moving average price of $130.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.29%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target on the stock. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $181.22.

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.

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