NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,816 shares of the computer hardware maker's stock after purchasing an additional 31,190 shares during the period. NVIDIA comprises about 1.6% of Simplicity Wealth LLC's investment portfolio, making the stock its 10th biggest position. Simplicity Wealth LLC's holdings in NVIDIA were worth $20,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $40,000. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $50,000. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 1.8%

Shares of NASDAQ:NVDA traded up $2.73 during trading on Friday, hitting $157.75. 251,143,372 shares of the company's stock were exchanged, compared to its average volume of 269,266,292. 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 firm has a market cap of $3.85 trillion, a P/E ratio of 50.89, a PEG ratio of 1.36 and a beta of 2.12. The firm has a 50-day moving average price of $129.83 and a two-hundred day moving average price of $126.89. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.68.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred 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 transaction, the director now owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer now directly owns 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,468,863 shares of company stock worth $495,150,332. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.78.

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.