Pure Financial Advisors LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,738 shares of the computer hardware maker's stock after buying an additional 7,293 shares during the period. Pure Financial Advisors LLC's holdings in NVIDIA were worth $11,893,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lifelong Wealth Advisors Inc. increased its stake in NVIDIA by 3.7% in the first quarter. Lifelong Wealth Advisors Inc. now owns 3,529 shares of the computer hardware maker's stock valued at $382,000 after acquiring an additional 126 shares during the last quarter. Omnia Family Wealth LLC raised its holdings in shares of NVIDIA by 33.8% during the 1st quarter. Omnia Family Wealth LLC now owns 32,230 shares of the computer hardware maker's stock worth $3,493,000 after buying an additional 8,148 shares in the last quarter. New World Advisors LLC boosted its stake in NVIDIA by 20.2% in the first quarter. New World Advisors LLC now owns 8,856 shares of the computer hardware maker's stock valued at $960,000 after buying an additional 1,491 shares in the last quarter. Inman Jager Wealth Management LLC grew its position in NVIDIA by 10.0% in the first quarter. Inman Jager Wealth Management LLC now owns 9,335 shares of the computer hardware maker's stock valued at $1,012,000 after acquiring an additional 851 shares during the last quarter. Finally, Cvfg LLC boosted its stake in shares of NVIDIA by 12.1% in the 1st quarter. Cvfg LLC now owns 12,140 shares of the computer hardware maker's stock valued at $1,316,000 after purchasing an additional 1,308 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. Morgan Stanley reissued an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. DA Davidson raised their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.
Check Out Our Latest Analysis on NVDA
Insider Activity at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock valued at $734,906,003 in the last 90 days. 4.17% of the stock is owned by company insiders.
NVIDIA Price Performance
Shares of NVDA stock traded down $0.59 during trading hours on Friday, reaching $172.41. The stock had a trading volume of 145,724,125 shares, compared to its average volume of 263,779,254. The stock's fifty day simple moving average is $146.99 and its 200 day simple moving average is $129.90. The firm has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13. 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 12 month low of $86.62 and a 12 month high of $174.25.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
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.
Featured Stories
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
