Requisite Capital Management LLC Has $773,000 Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Requisite Capital Management LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,128 shares of the computer hardware maker's stock after purchasing an additional 2,708 shares during the quarter. Requisite Capital Management LLC's holdings in NVIDIA were worth $773,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter valued at $40,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Piper Sandler restated 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. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Benchmark restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $173.05.

NVIDIA Stock Down 1.1%

Shares of NASDAQ:NVDA opened at $143.83 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $153.13. The company's 50-day moving average price is $126.37 and its two-hundred day moving average price is $126.43. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.51 trillion, a P/E ratio of 46.40, a P/E/G ratio of 1.27 and a beta of 2.12.

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 the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm's revenue was up 69.2% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Activity

In other news, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the transaction, the director now owns 201,044 shares of the company's stock, valued at approximately $27,104,752.08. This trade represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 125,836 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the transaction, the director now directly owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,469,685 shares of company stock valued at $349,669,962. 4.17% of the stock is currently owned by insiders.

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.

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