RF&L Wealth Management LLC Purchases 3,000 Shares of NVIDIA Corporation (NASDAQ:NVDA)

RF&L Wealth Management LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,045 shares of the computer hardware maker's stock after buying an additional 3,000 shares during the period. NVIDIA accounts for 1.4% of RF&L Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding. RF&L Wealth Management LLC's holdings in NVIDIA were worth $1,956,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Good Steward Wealth Advisors LLC bought a new position in NVIDIA during the first quarter valued at about $314,000. Alta Capital Management LLC boosted its stake in NVIDIA by 19.3% in the first quarter. Alta Capital Management LLC now owns 679,191 shares of the computer hardware maker's stock valued at $73,611,000 after acquiring an additional 109,967 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of NVIDIA by 4.0% during the 1st quarter. Avior Wealth Management LLC now owns 238,128 shares of the computer hardware maker's stock valued at $25,808,000 after acquiring an additional 9,104 shares during the period. True Link Financial Advisors LLC increased its stake in shares of NVIDIA by 159.9% during the 1st quarter. True Link Financial Advisors LLC now owns 5,331 shares of the computer hardware maker's stock worth $578,000 after purchasing an additional 3,280 shares during the last quarter. Finally, Flagstone Financial Management raised its holdings in shares of NVIDIA by 31.9% in the 1st quarter. Flagstone Financial Management now owns 4,552 shares of the computer hardware maker's stock worth $493,000 after purchasing an additional 1,101 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $158.24 on Tuesday. The stock has a market cap of $3.86 trillion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 1.41 and a beta of 2.13. The stock's 50-day moving average is $137.37 and its 200 day moving average is $127.97. The company has a current ratio of 3.39, a quick ratio of 2.96 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 $160.98.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the business posted $0.61 earnings per share. The company's revenue was up 69.2% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity

In other news, Director A Brooke Seawell sold 50,514 shares of NVIDIA stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $158.37, for a total value of $7,999,902.18. Following the transaction, the director owned 1,974,784 shares in the company, valued at approximately $312,746,542.08. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $158.35, for a total value of $11,876,250.00. Following the completion of the sale, the chief executive officer directly owned 75,023,225 shares of the company's stock, valued at approximately $11,879,927,678.75. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,296,844 shares of company stock valued at $624,019,677. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NVDA shares. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Mizuho increased their price target on NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Citigroup boosted their price objective on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday. DA Davidson increased their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.47.

NVIDIA Company 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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