NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,771 shares of the computer hardware maker's stock after buying an additional 3,644 shares during the quarter. NVIDIA makes up approximately 1.2% of Silver Oak Securities Incorporated's portfolio, making the stock its 22nd largest holding. Silver Oak Securities Incorporated's holdings in NVIDIA were worth $13,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ORG Wealth Partners LLC lifted its stake in NVIDIA by 93.3% in the 1st quarter. ORG Wealth Partners LLC now owns 45,759 shares of the computer hardware maker's stock worth $5,040,000 after purchasing an additional 22,087 shares in the last quarter. Hartford Financial Management Inc. lifted its stake in NVIDIA by 49.5% in the 1st quarter. Hartford Financial Management Inc. now owns 74,374 shares of the computer hardware maker's stock worth $8,061,000 after purchasing an additional 24,613 shares in the last quarter. Plimoth Trust Co. LLC lifted its stake in NVIDIA by 12.6% in the 1st quarter. Plimoth Trust Co. LLC now owns 133,436 shares of the computer hardware maker's stock worth $14,462,000 after purchasing an additional 14,936 shares in the last quarter. Compass Capital Corp MA ADV lifted its stake in NVIDIA by 11.8% in the 1st quarter. Compass Capital Corp MA ADV now owns 39,007 shares of the computer hardware maker's stock worth $4,078,000 after purchasing an additional 4,103 shares in the last quarter. Finally, HCR Wealth Advisors raised its position in shares of NVIDIA by 8.1% during the 1st quarter. HCR Wealth Advisors now owns 290,676 shares of the computer hardware maker's stock valued at $31,504,000 after buying an additional 21,779 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company'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 represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 50,514 shares of the company'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 directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 4,296,844 shares of company stock valued at $624,019,677. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 1.1%

Shares of NVDA stock traded up $1.76 on Tuesday, reaching $160.00. 137,569,955 shares of the stock were exchanged, compared to its average volume of 267,325,357. 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 $137.37 and its 200 day moving average price is $127.97. The company has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 51.61, a PEG ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $160.98.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the firm earned $0.61 earnings per share. NVIDIA's revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Citigroup lifted their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Monday. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.47.

NVIDIA 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.