Optas LLC Raises Position in NVIDIA Corporation (NASDAQ:NVDA)

Optas LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,138 shares of the computer hardware maker's stock after buying an additional 1,977 shares during the period. NVIDIA comprises about 2.4% of Optas LLC's holdings, making the stock its 12th largest position. Optas LLC's holdings in NVIDIA were worth $13,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management acquired a new stake in shares of NVIDIA during the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was 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 available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on NVDA shares. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Rosenblatt Securities lifted their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Bank of America upped their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $175.78.

NVIDIA Price Performance

NVDA traded up $3.95 during trading on Wednesday, reaching $157.25. 170,801,024 shares of the stock were exchanged, compared to its average volume of 268,430,204. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 50.73, a P/E/G ratio of 1.36 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $158.71. The business's 50 day moving average price is $133.27 and its two-hundred day moving average price is $127.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the business posted $0.61 earnings per share. The business's revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared 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%.

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.