NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Rogco LP

Key Points

• Rogco LP increased its stake in NVIDIA Corporation by 13.3%, acquiring an additional 2,000 shares, bringing its total to 17,070 shares, valued at approximately $1.85 million.
• NVIDIA's latest quarterly earnings reported an EPS of $0.81, which missed expectations of $0.87, while revenue grew by 69.2% year-over-year to $44.06 billion.
• Analysts maintain a generally positive outlook on NVIDIA, with 33 buy ratings and increased price targets, reflecting a confidence that the company will continue to grow despite recent misses on earnings estimates.

Rogco LP raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,070 shares of the computer hardware maker's stock after purchasing an additional 2,000 shares during the quarter. NVIDIA makes up about 0.7% of Rogco LP's holdings, making the stock its 22nd biggest holding. Rogco LP's holdings in NVIDIA were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter valued at $38,000. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. Bank of America lifted their target price on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Needham & Company LLC upped their price target on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Oppenheimer boosted their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $182.03.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the transaction, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,489,800 shares of company stock valued at $826,553,003. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 0.7%

Shares of NVIDIA stock traded up $1.16 during trading hours on Wednesday, reaching $179.42. 135,021,387 shares of the company were exchanged, compared to its average volume of 246,741,875. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. The firm has a market cap of $4.38 trillion, a PE ratio of 57.88, a PEG ratio of 1.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock's fifty day moving average is $157.13 and its 200 day moving average is $132.90.

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 return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders 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 annualized dividend and a yield of 0.0%. 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.