NVIDIA Corporation (NASDAQ:NVDA) Stock Holdings Boosted by Processus Wealth & Capital Management LLC

Key Points

• Processus Wealth & Capital Management LLC increased its stake in NVIDIA by 1.2%, owning 124,269 shares, which makes it the firm's largest position valued at approximately $13.47 million.
• Multiple hedge funds have adjusted their NVIDIA holdings, with significant increases including Variant Private Wealth LLC's stake rising by 20.6% during the first quarter.
• NVIDIA's latest quarterly earnings revealed a revenue of $44.06 billion, up 69.2% year-over-year, despite a slight EPS miss of $0.81 against expectations of $0.87.

Processus Wealth & Capital Management LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,269 shares of the computer hardware maker's stock after buying an additional 1,530 shares during the quarter. NVIDIA comprises 11.5% of Processus Wealth & Capital Management LLC's portfolio, making the stock its largest position. Processus Wealth & Capital Management LLC's holdings in NVIDIA were worth $13,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Astoria Portfolio Advisors LLC. lifted its stake in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after buying an additional 864 shares in the last quarter. Centerpoint Advisory Group lifted its stake in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC lifted its stake in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC lifted its stake in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after buying an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc raised its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a report on Tuesday, July 15th. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $182.03.

NVIDIA Price Performance

NVDA stock opened at $178.26 on Wednesday. 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 company has a fifty day simple moving average of $157.13 and a two-hundred day simple moving average of $132.90. The firm has a market capitalization of $4.35 trillion, a P/E 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 released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on 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 owned 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% 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 Mark A. Stevens sold 935,000 shares of the 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 transaction, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,489,800 shares of company stock worth $826,553,003 over the last three months. 4.17% of the stock is owned by company insiders.

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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