Transform Wealth LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 293,259 shares of the computer hardware maker's stock after acquiring an additional 2,710 shares during the quarter. NVIDIA accounts for 1.9% of Transform Wealth LLC's investment portfolio, making the stock its 5th largest position. Transform Wealth LLC's holdings in NVIDIA were worth $31,786,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Ironwood Wealth Management LLC. lifted its holdings in NVIDIA by 18.7% during the 1st quarter. Ironwood Wealth Management LLC. now owns 7,695 shares of the computer hardware maker's stock worth $834,000 after buying an additional 1,212 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in NVIDIA by 3.8% during the 1st quarter. Focus Financial Network Inc. now owns 1,897,135 shares of the computer hardware maker's stock worth $205,630,000 after buying an additional 69,330 shares in the last quarter. Donaldson Capital Management LLC lifted its holdings in NVIDIA by 7.7% during the 1st quarter. Donaldson Capital Management LLC now owns 74,065 shares of the computer hardware maker's stock worth $8,027,000 after buying an additional 5,310 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted its holdings in NVIDIA by 3.0% during the 1st quarter. Foresight Capital Management Advisors Inc. now owns 39,447 shares of the computer hardware maker's stock worth $4,275,000 after buying an additional 1,159 shares in the last quarter. Finally, Ellenbecker Investment Group lifted its holdings in NVIDIA by 3.2% during the 1st quarter. Ellenbecker Investment Group now owns 20,107 shares of the computer hardware maker's stock worth $2,179,000 after buying an additional 624 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Oppenheimer reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Monday, June 16th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, Bank of America increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $175.78.
Get Our Latest Research Report on NVIDIA
NVIDIA Trading Up 4.3%
Shares of NVDA stock opened at $154.31 on Thursday. The firm's 50 day moving average price is $128.75 and its two-hundred day moving average price is $126.78. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $154.45. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.77 trillion, a price-to-earnings ratio of 49.78, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.
Insider Activity at NVIDIA
In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now directly owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,393,863 shares of company stock valued at $483,709,832 over the last ninety days. Corporate insiders own 4.17% of the company's stock.
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
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