Simon Quick Advisors LLC Acquires 23,472 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Simon Quick Advisors LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,121 shares of the computer hardware maker's stock after acquiring an additional 23,472 shares during the period. NVIDIA accounts for about 1.0% of Simon Quick Advisors LLC's portfolio, making the stock its 20th biggest holding. Simon Quick Advisors LLC's holdings in NVIDIA were worth $17,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the 4th quarter worth approximately $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $154.31 on Thursday. 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 company has a market capitalization of $3.77 trillion, a P/E ratio of 49.78, a P/E/G ratio of 1.31 and a beta of 2.12. The company's 50-day simple moving average is $128.75 and its two-hundred day simple moving average is $126.78. NVIDIA Corporation has a one year low of $86.62 and a one year high of $154.45.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the transaction, the director now directly owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares in the company, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,393,863 shares of company stock worth $483,709,832 in the last three months. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVDA shares. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Citigroup reissued a "buy" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research 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 assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.78.

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.

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