NVIDIA Corporation $NVDA Shares Acquired by AM Investment Strategies LLC

AM Investment Strategies LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 45.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,153 shares of the computer hardware maker's stock after purchasing an additional 15,249 shares during the quarter. NVIDIA accounts for approximately 1.3% of AM Investment Strategies LLC's investment portfolio, making the stock its 16th largest holding. AM Investment Strategies LLC's holdings in NVIDIA were worth $5,327,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Drive Wealth Management LLC raised its stake in shares of NVIDIA by 16.3% during the first quarter. Drive Wealth Management LLC now owns 94,701 shares of the computer hardware maker's stock valued at $10,265,000 after acquiring an additional 13,307 shares in the last quarter. Firetrail Investments PTY Ltd. boosted its holdings in shares of NVIDIA by 3.5% in the 1st quarter. Firetrail Investments PTY Ltd. now owns 197,289 shares of the computer hardware maker's stock valued at $21,614,000 after buying an additional 6,592 shares in the last quarter. Glynn Capital Management LLC increased its position in shares of NVIDIA by 19.9% during the first quarter. Glynn Capital Management LLC now owns 1,050 shares of the computer hardware maker's stock worth $114,000 after purchasing an additional 174 shares in the last quarter. Prospect Financial Group LLC raised its stake in NVIDIA by 34.1% in the first quarter. Prospect Financial Group LLC now owns 15,078 shares of the computer hardware maker's stock valued at $1,634,000 after buying an additional 3,834 shares during the last quarter. Finally, Caliber Wealth Management LLC KS acquired a new position in NVIDIA during the 1st quarter valued at approximately $1,319,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $0.15 during trading hours on Wednesday, reaching $181.92. 131,917,903 shares of the company's stock were exchanged, compared to its average volume of 238,362,547. The business has a fifty day moving average of $168.81 and a two-hundred day moving average of $138.11. 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 market capitalization of $4.44 trillion, a P/E ratio of 58.68, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.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 previous year, the business posted $0.61 earnings per share. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVDA shares. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. UBS Group boosted their target price on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. DA Davidson increased 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. BNP Paribas raised NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $194.31.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,912,440 shares of company stock worth $902,886,782. Company insiders own 4.17% of the company's stock.

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.