ONE Advisory Partners LLC Invests $6.73 Million in NVIDIA Corporation (NASDAQ:NVDA)

ONE Advisory Partners LLC acquired a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 62,109 shares of the computer hardware maker's stock, valued at approximately $6,731,000. NVIDIA makes up 2.9% of ONE Advisory Partners LLC's holdings, making the stock its 13th largest holding.

Several other large investors also recently added to or reduced their stakes in NVDA. TB Alternative Assets Ltd. purchased a new stake in NVIDIA in the first quarter valued at approximately $8,387,000. Perkins Coie Trust Co grew its stake in NVIDIA by 14.2% in the 1st quarter. Perkins Coie Trust Co now owns 49,619 shares of the computer hardware maker's stock worth $5,378,000 after buying an additional 6,180 shares in the last quarter. Godsey & Gibb Inc. increased its holdings in shares of NVIDIA by 29.8% in the 1st quarter. Godsey & Gibb Inc. now owns 13,777 shares of the computer hardware maker's stock worth $1,493,000 after buying an additional 3,161 shares during the last quarter. Joule Financial LLC raised its position in shares of NVIDIA by 14.2% during the 1st quarter. Joule Financial LLC now owns 2,263 shares of the computer hardware maker's stock valued at $245,000 after buying an additional 282 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its position in shares of NVIDIA by 4.5% during the 1st quarter. Princeton Global Asset Management LLC now owns 22,327 shares of the computer hardware maker's stock valued at $2,420,000 after buying an additional 970 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA opened at $145.48 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a market capitalization of $3.55 trillion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12. The stock's 50 day moving average price is $125.72 and its 200-day moving average price is $126.66. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analyst Ratings Changes

NVDA has been the subject of several research reports. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Piper Sandler reiterated an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $173.05.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred 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 now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,469,685 shares of company stock valued at $349,669,962. 4.17% of the stock is currently owned by corporate insiders.

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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