Retirement Guys Formula LLC Buys 2,295 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Retirement Guys Formula LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,033 shares of the computer hardware maker's stock after acquiring an additional 2,295 shares during the period. NVIDIA accounts for approximately 1.0% of Retirement Guys Formula LLC's investment portfolio, making the stock its 24th biggest holding. Retirement Guys Formula LLC's holdings in NVIDIA were worth $2,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its holdings in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after purchasing an additional 6,665,252 shares during the period. Geode Capital Management LLC increased its stake in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $43,515,504,000. Finally, Northern Trust Corp grew its position in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director A Brooke Seawell sold 49,131 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. This represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock valued at $660,253,045 in the last ninety days. Insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Bank of America boosted their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $177.72.

NVIDIA Stock Performance

NASDAQ NVDA traded up $6.63 during trading hours on Tuesday, hitting $170.70. The company's stock had a trading volume of 229,902,790 shares, compared to its average volume of 265,385,111. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $172.79. The company's 50 day simple moving average is $142.53 and its two-hundred day simple moving average is $128.80. The company has a market cap of $4.17 trillion, a P/E ratio of 55.06, a price-to-earnings-growth ratio of 1.46 and a beta of 2.13. 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 released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm 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. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

About NVIDIA

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.