Overbrook Management Corp Has $32.30 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Overbrook Management Corp boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,982 shares of the computer hardware maker's stock after purchasing an additional 38,481 shares during the quarter. NVIDIA comprises approximately 7.6% of Overbrook Management Corp's holdings, making the stock its largest position. Overbrook Management Corp's holdings in NVIDIA were worth $32,295,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter worth $38,000. Copia Wealth Management acquired a new position in NVIDIA in the fourth quarter worth $50,000. Bruce G. Allen Investments LLC boosted its position in 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 buying an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new position in NVIDIA in the 4th quarter valued at $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $0.45 on Friday, hitting $174.19. The stock had a trading volume of 24,835,254 shares, compared to its average volume of 250,552,047. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.64. The business's 50 day moving average is $150.19 and its two-hundred day moving average is $130.70. 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 stock has a market cap of $4.25 trillion, a price-to-earnings ratio of 56.13, a price-to-earnings-growth ratio of 1.50 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NVDA shares. 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, July 7th. Jefferies Financial Group increased their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Barclays increased their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $181.22.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred 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 directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,114,800 shares of company stock worth $760,553,003 over the last three months. Company insiders own 4.17% of the company's stock.

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.