PAX Financial Group LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,326 shares of the computer hardware maker's stock after purchasing an additional 1,622 shares during the period. PAX Financial Group LLC's holdings in NVIDIA were worth $3,178,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC grew its position in shares of NVIDIA by 4.7% during the 1st quarter. Wealthfront Advisers LLC now owns 4,119,257 shares of the computer hardware maker's stock valued at $446,445,000 after purchasing an additional 185,689 shares in the last quarter. First Business Financial Services Inc. grew its position in shares of NVIDIA by 8.1% during the 1st quarter. First Business Financial Services Inc. now owns 90,986 shares of the computer hardware maker's stock valued at $9,861,000 after purchasing an additional 6,797 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its position in shares of NVIDIA by 36.8% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 37,225 shares of the computer hardware maker's stock valued at $4,034,000 after purchasing an additional 10,014 shares in the last quarter. Landaas & Co. WI ADV grew its position in shares of NVIDIA by 6.5% during the 1st quarter. Landaas & Co. WI ADV now owns 7,273 shares of the computer hardware maker's stock valued at $788,000 after purchasing an additional 443 shares in the last quarter. Finally, Mine & Arao Wealth Creation & Management LLC. grew its position in shares of NVIDIA by 27.8% during the 1st quarter. Mine & Arao Wealth Creation & Management LLC. now owns 93,257 shares of the computer hardware maker's stock valued at $10,107,000 after purchasing an additional 20,266 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the completion of the sale, the chief executive officer owned 73,223,225 shares in the company, valued at approximately $13,354,451,775.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,687,440 shares of company stock valued at $862,095,782. 4.17% of the stock is currently owned by company insiders.
NVIDIA Trading Down 0.4%
NASDAQ:NVDA opened at $182.06 on Tuesday. The company has a market capitalization of $4.44 trillion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.88. The stock has a fifty day simple moving average of $160.71 and a 200-day simple moving average of $133.89.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NVDA. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a report on Tuesday, July 15th. The Goldman Sachs Group began coverage on shares of NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Finally, Barclays lifted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $183.75.
Get Our Latest Research Report on NVDA
About NVIDIA
(
Free Report)
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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