POM Investment Strategies LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 201.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,681 shares of the computer hardware maker's stock after acquiring an additional 3,795 shares during the quarter. NVIDIA makes up about 0.7% of POM Investment Strategies LLC's investment portfolio, making the stock its 17th largest position. POM Investment Strategies LLC's holdings in NVIDIA were worth $616,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. MainStreet Investment Advisors LLC grew its stake in NVIDIA by 2.4% during the 1st quarter. MainStreet Investment Advisors LLC now owns 81,072 shares of the computer hardware maker's stock worth $8,787,000 after buying an additional 1,894 shares during the last quarter. Investments & Financial Planning LLC lifted its holdings in shares of NVIDIA by 4.4% in the 1st quarter. Investments & Financial Planning LLC now owns 24,037 shares of the computer hardware maker's stock valued at $2,605,000 after buying an additional 1,005 shares during the period. Heritage Wealth Management Inc. CA increased its holdings in NVIDIA by 28.5% in the first quarter. Heritage Wealth Management Inc. CA now owns 11,625 shares of the computer hardware maker's stock valued at $1,260,000 after buying an additional 2,578 shares in the last quarter. Rogco LP boosted its stake in shares of NVIDIA by 13.3% during the 1st quarter. Rogco LP now owns 17,070 shares of the computer hardware maker's stock worth $1,850,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Poinciana Advisors Group LLC increased its stake in shares of NVIDIA by 25.8% in the 1st quarter. Poinciana Advisors Group LLC now owns 7,616 shares of the computer hardware maker's stock valued at $825,000 after purchasing an additional 1,560 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Activity
In other news, EVP Ajay K. Puri sold 168,195 shares of the company'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 directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,489,800 shares of company stock worth $826,553,003 over the last ninety days. Insiders own 4.17% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. DA Davidson boosted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. The Goldman Sachs Group started coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective on the stock. Finally, Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.
View Our Latest Stock Analysis on NVDA
NVIDIA Stock Performance
Shares of NVDA traded up $1.16 during mid-day trading on Wednesday, hitting $179.42. 135,021,387 shares of the company's stock were exchanged, compared to its average volume of 246,741,875. The business's 50 day moving average is $157.13 and its two-hundred day moving average is $132.90. The firm has a market capitalization of $4.38 trillion, a P/E ratio of 57.88, a P/E/G ratio of 1.59 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company 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 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.29%.
NVIDIA Company Profile
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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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