NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by TKG Advisors LLC

TKG Advisors LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,236 shares of the computer hardware maker's stock after purchasing an additional 5,498 shares during the period. NVIDIA makes up approximately 2.6% of TKG Advisors LLC's investment portfolio, making the stock its 11th biggest position. TKG Advisors LLC's holdings in NVIDIA were worth $5,228,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC increased 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 valued at $53,000 after purchasing an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ NVDA traded down $1.80 during mid-day trading on Friday, reaching $176.07. 105,302,895 shares of the stock were exchanged, compared to its average volume of 248,096,203. The business's 50 day moving average is $154.45 and its 200-day moving average is $132.03. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. The company has a market capitalization of $4.30 trillion, a P/E ratio of 56.78, a P/E/G ratio of 1.58 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,339,800 shares of company stock worth $800,141,003. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent research reports. 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 report on Thursday, May 29th. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Oppenheimer lifted their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Morgan Stanley lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.03.

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.