Oppenheimer & Co. Inc. Buys 10,050 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Oppenheimer & Co. Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,257,865 shares of the computer hardware maker's stock after purchasing an additional 10,050 shares during the period. NVIDIA makes up approximately 2.1% of Oppenheimer & Co. Inc.'s investment portfolio, making the stock its 3rd largest holding. Oppenheimer & Co. Inc.'s holdings in NVIDIA were worth $136,327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Wealth Group Ltd. grew its holdings in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares during the period. Tallon Kerry Patrick acquired a new position in NVIDIA during the fourth quarter worth about $972,000. Capital & Planning LLC grew its holdings in NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after acquiring an additional 1,099 shares during the period. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares during the period. Finally, Brighton Jones LLC grew its holdings in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. The trade was 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 business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This trade represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,520,246 shares of company stock valued at $660,253,045. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.5%

Shares of NVIDIA stock opened at $164.92 on Monday. The firm has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 1.46 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $167.89. The stock has a 50-day simple moving average of $141.53 and a 200-day simple moving average of $128.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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). 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 quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Truist Financial lifted their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. DA Davidson lifted their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.

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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