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TBH Global Asset Management LLC Raises Position in NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA logo with Computer and Technology background

TBH Global Asset Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 52.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,262 shares of the computer hardware maker's stock after buying an additional 7,960 shares during the period. TBH Global Asset Management LLC's holdings in NVIDIA were worth $2,521,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter worth approximately $38,000. Copia Wealth Management bought a new stake in shares of NVIDIA in the fourth quarter worth approximately $50,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first 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 period. Finally, LSV Asset Management bought a new stake in NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, 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 value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock valued at $734,906,003 over the last 90 days. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NVDA stock opened at $171.38 on Tuesday. 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 stock has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 55.28, a PEG ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $174.25. The stock's fifty day moving average is $146.99 and its two-hundred day moving average is $129.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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 company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NVDA shares. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Jefferies Financial Group upped their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. One equities 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $181.22.

View Our Latest Stock Analysis on NVIDIA

About NVIDIA

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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