NVIDIA Corporation (NASDAQ:NVDA) Stock Position Increased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,896 shares of the computer hardware maker's stock after purchasing an additional 2,129 shares during the period. Matrix Asset Advisors Inc. NY's holdings in NVIDIA were worth $1,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC boosted its stake in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Norges Bank bought a new stake in NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp lifted its position in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the transaction, the director directly owned 1,826,382 shares in the company, valued at approximately $297,389,781.06. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,520,246 shares of company stock valued at $660,253,045. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Citigroup increased their price objective on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Monday. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. DA Davidson raised their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday. They set a "buy" rating and a $185.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $177.03.

NVIDIA Trading Up 0.7%

Shares of NASDAQ:NVDA opened at $164.10 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $164.50. The stock has a market cap of $4.00 trillion, a PE ratio of 52.94, a P/E/G ratio of 1.44 and a beta of 2.13. The business has a 50 day moving average of $140.52 and a 200-day moving average of $128.60. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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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