Revolve Wealth Partners LLC Raises Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Revolve Wealth Partners LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,546 shares of the computer hardware maker's stock after purchasing an additional 4,376 shares during the period. NVIDIA comprises 1.2% of Revolve Wealth Partners LLC's portfolio, making the stock its 22nd largest position. Revolve Wealth Partners LLC's holdings in NVIDIA were worth $8,621,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NVDA. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter worth approximately $40,000. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management bought a new position in NVIDIA during the 4th quarter worth approximately $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $143.83 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The stock's 50-day moving average is $126.37 and its two-hundred day moving average is $126.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $3.51 trillion, a P/E ratio of 46.40, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 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 last year, the business earned $0.61 earnings per share. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup reiterated a "buy" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. TD Cowen increased their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. DA Davidson increased their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One investment 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 issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.05.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now owns 9,214,697 shares in the company, valued at $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. Insiders have sold a total of 2,469,685 shares of company stock worth $349,669,962 over the last three months. Corporate 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.

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