Shepherd Financial Partners LLC Acquires 12,402 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Shepherd Financial Partners LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,162 shares of the computer hardware maker's stock after purchasing an additional 12,402 shares during the quarter. NVIDIA comprises approximately 1.2% of Shepherd Financial Partners LLC's portfolio, making the stock its 21st biggest holding. Shepherd Financial Partners LLC's holdings in NVIDIA were worth $10,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter worth about $38,000. Copia Wealth Management bought a new position in NVIDIA during the fourth quarter worth about $50,000. LSV Asset Management bought a new position in NVIDIA during the fourth quarter worth about $54,000. 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 during the period. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Benchmark reissued a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. Finally, William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One research 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.19.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 51,740 shares of NVIDIA stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total value of $8,000,038.80. Following the sale, the director owned 1,576,709 shares in the company, valued at $243,790,745.58. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,044,919 shares of company stock worth $584,414,209 over the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.3%

Shares of NVIDIA stock traded up $2.03 on Friday, hitting $159.28. The stock had a trading volume of 143,716,055 shares, compared to its average volume of 268,139,289. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98. The stock has a market cap of $3.89 trillion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13. The stock's 50-day simple moving average is $136.38 and its two-hundred day simple moving average is $127.84.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) 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.