Planning Directions Inc. Purchases 16,174 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Planning Directions Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 134.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,201 shares of the computer hardware maker's stock after acquiring an additional 16,174 shares during the period. NVIDIA accounts for about 1.3% of Planning Directions Inc.'s holdings, making the stock its 21st biggest position. Planning Directions Inc.'s holdings in NVIDIA were worth $3,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the first 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 in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated 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 transaction, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,339,800 shares of company stock valued at $800,141,003 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $173.72 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30. The stock has a fifty day moving average of $155.30 and a 200-day moving average of $132.32. 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 cap of $4.24 trillion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14.

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 return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. 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 announced 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 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NVDA shares. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.03.

NVIDIA Company 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.

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