Retirement Planning Group LLC NY Has $489,000 Stake in NVIDIA Corporation (NASDAQ:NVDA)

Retirement Planning Group LLC NY increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 52.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,512 shares of the computer hardware maker's stock after buying an additional 1,546 shares during the quarter. Retirement Planning Group LLC NY's holdings in NVIDIA were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC boosted its stake in 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 purchasing an additional 327 shares during the period. Finally, LSV Asset Management acquired a new position in NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm'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 transaction of $12,233,250.00. Following the completion of the sale, the chief executive officer owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the sale, the director directly owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This trade represents a 2.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,520,246 shares of company stock valued at $660,253,045. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James Financial increased their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, 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 report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $177.03.

NVIDIA Trading Up 0.5%

NVDA traded up $0.82 during midday trading on Friday, hitting $164.92. 193,205,730 shares of the company were exchanged, compared to its average volume of 265,988,678. The firm has a market capitalization of $4.02 trillion, a P/E ratio of 53.20, a P/E/G ratio of 1.45 and a beta of 2.13. The firm's 50 day moving average price is $141.53 and its 200-day moving average price is $128.77. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $167.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities 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 was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend 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.