SOA Wealth Advisors LLC. Grows Stake in NVIDIA Corporation (NASDAQ:NVDA)

SOA Wealth Advisors LLC. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 159,791 shares of the computer hardware maker's stock after purchasing an additional 39,529 shares during the period. NVIDIA comprises approximately 2.0% of SOA Wealth Advisors LLC.'s portfolio, making the stock its 7th biggest holding. SOA Wealth Advisors LLC.'s holdings in NVIDIA were worth $17,318,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. raised its position in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after buying an additional 71 shares during the last quarter. Baker Boyer National Bank grew its stake in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares during the period. SC&H Financial Advisors Inc. raised its holdings in shares of NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after purchasing an additional 80 shares during the last quarter. DecisionPoint Financial LLC raised its holdings in shares of NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the last quarter. Finally, BCR Wealth Strategies LLC boosted its holdings in NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after purchasing an additional 89 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, June 16th. Finally, DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.05.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The stock was 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 now directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now directly owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,228,433 shares of company stock valued at $459,710,171 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 2.6%

NASDAQ NVDA traded up $3.73 during trading hours on Tuesday, hitting $147.90. 186,979,919 shares of the company were exchanged, compared to its average volume of 271,434,826. The stock has a market cap of $3.61 trillion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $153.13. The stock has a 50-day moving average price of $127.04 and a 200 day moving average price of $126.44. 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared 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 of this dividend 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 is presently 1.29%.

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.