NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Riverwater Partners LLC

Riverwater Partners LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 59.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,180 shares of the computer hardware maker's stock after acquiring an additional 3,035 shares during the period. Riverwater Partners LLC's holdings in NVIDIA were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake 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 in the last quarter. Geode Capital Management LLC raised its position in shares of 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 valued at $74,439,273,000 after buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NVIDIA by 0.9% during the 4th 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 buying an additional 3,721,331 shares in the last quarter. Norges Bank purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $43,515,504,000. Finally, Northern Trust Corp raised its position in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. DA Davidson increased their price objective 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. Benchmark reissued a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Bank of America increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $176.47.

Insider Transactions at NVIDIA

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

NVIDIA Stock Performance

NVDA traded up $2.88 on Wednesday, reaching $162.88. The stock had a trading volume of 182,635,717 shares, compared to its average volume of 267,107,945. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $164.34. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business's 50-day moving average price is $138.39 and its two-hundred day moving average price is $128.20. The company has a market cap of $3.97 trillion, a P/E ratio of 52.54, a price-to-earnings-growth ratio of 1.40 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend 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.