NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,974 shares of the computer hardware maker's stock after purchasing an additional 2,021 shares during the quarter. Sonora Investment Management Group LLC's holdings in NVIDIA were worth $12,136,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA during the fourth quarter worth about $2,272,000. BTC Capital Management Inc. increased its position in NVIDIA by 2.3% during the 1st quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker's stock worth $35,785,000 after purchasing an additional 7,476 shares during the period. Capital Performance Advisors LLP boosted its stake in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares in the last quarter. Waddell & Associates LLC grew its holdings in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after acquiring an additional 297 shares during the period. Finally, Strategy Asset Managers LLC raised its position in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after acquiring an additional 405 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 2.6%

NVDA stock traded up $3.73 during trading on Tuesday, reaching $147.90. 187,010,174 shares of the stock traded hands, compared to its average volume of 270,622,127. The business's 50 day moving average price is $127.76 and its 200-day moving average price is $126.59. The firm has a market capitalization of $3.61 trillion, a PE ratio of 47.71, a P/E/G 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 company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. The business's revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on NVDA. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. Citigroup reaffirmed a "buy" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Mizuho boosted their price target on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Finally, Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up previously from $160.00) 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-five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $173.05.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 54,467 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total value of $8,000,112.96. Following the completion of the transaction, the director now directly owns 1,834,570 shares of the company's stock, valued at $269,461,641.60. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,393,863 shares of company stock worth $483,709,832. 4.17% of the stock is currently owned by corporate insiders.

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.