NVIDIA Corporation (NASDAQ:NVDA) Stock Holdings Lifted by EULAV Asset Management

EULAV Asset Management lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400,139 shares of the computer hardware maker's stock after acquiring an additional 33,002 shares during the period. EULAV Asset Management's holdings in NVIDIA were worth $43,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its stake in NVIDIA by 7.2% in the first quarter. Crossmark Global Holdings Inc. now owns 1,649,409 shares of the computer hardware maker's stock valued at $178,763,000 after acquiring an additional 110,943 shares during the last quarter. J Hagan Capital Inc. acquired a new stake in NVIDIA in the first quarter valued at approximately $6,404,000. Gilliland Jeter Wealth Management LLC lifted its stake in NVIDIA by 3.4% in the first quarter. Gilliland Jeter Wealth Management LLC now owns 157,085 shares of the computer hardware maker's stock valued at $17,025,000 after acquiring an additional 5,114 shares during the last quarter. Washington Trust Bank lifted its stake in shares of NVIDIA by 1.0% in the first quarter. Washington Trust Bank now owns 214,422 shares of the computer hardware maker's stock worth $23,239,000 after buying an additional 2,053 shares during the last quarter. Finally, Fullcircle Wealth LLC lifted its stake in shares of NVIDIA by 5.4% in the first quarter. Fullcircle Wealth LLC now owns 2,816 shares of the computer hardware maker's stock worth $306,000 after buying an additional 145 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were 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 of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on 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 directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,339,800 shares of company stock worth $800,141,003 over the last quarter. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVDA. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.03.

NVIDIA Stock Down 2.3%

Shares of NASDAQ NVDA opened at $173.72 on Friday. The firm has a market capitalization of $4.24 trillion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. The firm's 50-day moving average is $155.30 and its 200-day moving average is $132.32.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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 (DPR) is presently 1.29%.

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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