Tandem Investment Advisors Inc. Acquires Shares of 2,107 NVIDIA Corporation (NASDAQ:NVDA)

Key Points

• Tandem Investment Advisors Inc. has acquired a new position in NVIDIA Corporation, purchasing 2,107 shares valued at approximately $228,000.
• Significant institutional activities include Norges Bank purchasing a stake worth about $43 billion and GAMMA Investing LLC increasing its position by a remarkable 12,173.2%.
• NVIDIA's stock has seen a recent trading price of $176.75, with a consensus price target set at $181.22 by analysts, highlighting a generally positive outlook despite some mixed ratings.

Tandem Investment Advisors Inc. purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,107 shares of the computer hardware maker's stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Wealth Group Ltd. increased its holdings in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares during the period. Tallon Kerry Patrick acquired a new stake in NVIDIA during the 4th quarter worth about $972,000. Ironwood Wealth Management LLC. lifted its position 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. Brighton Jones LLC lifted its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of NVIDIA in the 4th quarter valued at about $145,796,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NVIDIA stock traded up $0.01 during midday trading on Thursday, reaching $179.28. The stock had a trading volume of 78,538,820 shares, compared to its average volume of 248,032,719. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $183.30. The firm's 50-day moving average price is $153.55 and its 200 day moving average price is $131.72. The firm has a market capitalization of $4.37 trillion, a PE ratio of 57.69, a P/E/G ratio of 1.55 and a beta of 2.13. 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 issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,264,800 shares of company stock worth $786,735,503 in the last ninety days. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NVDA shares. Rosenblatt Securities boosted their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. DA Davidson upped their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Finally, Citigroup increased their target price on NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $182.03.

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.