Sfm LLC Invests $2.10 Million in NVIDIA Corporation (NASDAQ:NVDA)

Sfm LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,396 shares of the computer hardware maker's stock, valued at approximately $2,102,000. NVIDIA makes up 1.5% of Sfm LLC's holdings, making the stock its 17th biggest position.

Several other large investors also recently added to or reduced their stakes in NVDA. Cornell Pochily Investment Advisors Inc. raised its position in NVIDIA by 0.5% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 100,952 shares of the computer hardware maker's stock valued at $10,941,000 after purchasing an additional 540 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of NVIDIA by 20.3% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,215,856 shares of the computer hardware maker's stock valued at $131,774,000 after buying an additional 205,187 shares during the period. Sound Income Strategies LLC increased its stake in shares of NVIDIA by 16.5% during the first quarter. Sound Income Strategies LLC now owns 55,713 shares of the computer hardware maker's stock valued at $6,038,000 after buying an additional 7,893 shares during the period. Prentice Wealth Management LLC raised its holdings in shares of NVIDIA by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 15,447 shares of the computer hardware maker's stock valued at $1,674,000 after acquiring an additional 238 shares in the last quarter. Finally, Partners Wealth Management LLC lifted its stake in NVIDIA by 2.6% in the first quarter. Partners Wealth Management LLC now owns 9,814 shares of the computer hardware maker's stock worth $1,064,000 after acquiring an additional 247 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Oppenheimer reissued an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Bank of America increased their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One investment 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 issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $175.78.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director directly owned 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock worth $544,823,117 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $157.99 on Tuesday. The company has a market cap of $3.85 trillion, a price-to-earnings ratio of 50.96, a PEG ratio of 1.40 and a beta of 2.12. 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 stock's fifty day moving average price is $132.18 and its 200 day moving average price is $127.06. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $158.71.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 analyst estimates of $43.09 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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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