Surience Private Wealth LLC Buys New Stake in NVIDIA Corporation (NASDAQ:NVDA)

Surience Private Wealth LLC acquired a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,574 shares of the computer hardware maker's stock, valued at approximately $1,471,000. NVIDIA makes up 2.6% of Surience Private Wealth LLC's holdings, making the stock its 14th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter valued at about $50,000. Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,964,800 shares of company stock valued at $734,906,003 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $172.41 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market cap of $4.21 trillion, a P/E ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13. The stock's 50-day moving average is $146.99 and its 200 day moving average is $129.81. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Research analysts predict 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 was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Oppenheimer raised their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $181.22.

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.

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