Southland Equity Partners LLC Buys 2,745 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Southland Equity Partners LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,380 shares of the computer hardware maker's stock after purchasing an additional 2,745 shares during the quarter. Southland Equity Partners LLC's holdings in NVIDIA were worth $2,100,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wealth Group Ltd. boosted its position in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the period. Tallon Kerry Patrick acquired a new stake in NVIDIA during the 4th quarter worth approximately $972,000. Capital & Planning LLC increased its stake in NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after acquiring an additional 1,099 shares during the period. Ironwood Wealth Management LLC. increased its stake in NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares during the period. Finally, Brighton Jones LLC increased its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the sale, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 50,980 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the sale, the director now directly owns 1,679,361 shares of the company's stock, valued at $263,525,328.12. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,792,267 shares of company stock worth $544,823,117 in the last three months. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVDA. TD Cowen lifted their price target on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Bank of America boosted their target price on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $175.78.

NVIDIA Trading Up 1.8%

NASDAQ:NVDA opened at $157.75 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.71. The company has a 50 day simple moving average of $130.96 and a two-hundred day simple moving average of $126.89. 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 company has a market cap of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 firm 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%. The company's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.

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