NVIDIA Corporation (NASDAQ:NVDA) Stock Position Raised by Pure Portfolios Holdings LLC

Key Points

• Pure Portfolios Holdings LLC increased its stake in NVIDIA Corporation by 10.4% during the first quarter, owning a total of approximately $4.42 million worth of shares.
• NVIDIA's latest quarterly earnings showed a missed EPS estimate of $0.81, despite revenues of $44.06 billion exceeding analyst expectations.
• The company announced a quarterly dividend of $0.01 per share, with a dividend payout ratio of only 1.29%.

Pure Portfolios Holdings LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,753 shares of the computer hardware maker's stock after purchasing an additional 3,827 shares during the quarter. NVIDIA makes up 1.6% of Pure Portfolios Holdings LLC's portfolio, making the stock its 17th biggest holding. Pure Portfolios Holdings LLC's holdings in NVIDIA were worth $4,417,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC boosted its position 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 worth $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC upped their target price on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Mizuho set a $192.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, four have given 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 a consensus rating of "Moderate Buy" and an average target price of $182.03.

NVIDIA Stock Performance

NVDA stock traded down $4.15 on Friday, reaching $173.72. The company's stock had a trading volume of 203,669,565 shares, compared to its average volume of 153,436,048. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. The company has a market capitalization of $4.24 trillion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The firm has a fifty day moving average of $155.30 and a two-hundred day moving average of $132.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company earned $0.61 earnings per share. The business's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid 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 of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,339,800 shares of company stock valued at $800,141,003. 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.