Stonebrook Private Inc. Increases Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Stonebrook Private Inc. increased its position in NVIDIA Corporation by 25.7%, bringing its total holdings to 70,621 shares, valued at approximately $7.65 million.
• NVIDIA recorded a quarterly revenue of $44.06 billion, surpassing estimates, but reported an EPS of $0.81, missing expectations by $0.06.
• Institutional investors currently own 65.27% of NVIDIA's stock, highlighting significant interest from hedge funds and other large investors.

Stonebrook Private Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,621 shares of the computer hardware maker's stock after buying an additional 14,427 shares during the quarter. NVIDIA accounts for approximately 2.0% of Stonebrook Private Inc.'s portfolio, making the stock its 12th largest holding. Stonebrook Private Inc.'s holdings in NVIDIA were worth $7,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on NVDA shares. Loop Capital raised their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,489,800 shares of company stock worth $826,553,003 in the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock traded down $1.74 during mid-day trading on Tuesday, reaching $178.26. 155,486,898 shares of the company's stock traded hands, compared to its average volume of 164,064,272. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The firm has a 50 day moving average price of $156.27 and a two-hundred day moving average price of $132.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market capitalization of $4.35 trillion, a PE ratio of 57.50, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.29%.

About NVIDIA

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.