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Traveka Wealth LLC Purchases 4,696 Shares of NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA logo with Computer and Technology background

Key Points

  • Traveka Wealth LLC increased its holdings in NVIDIA Corporation by 13.3% in Q1, owning a total of 40,013 shares valued at approximately $4.34 million.
  • Several analysts have recently modified their ratings on NVIDIA, with many maintaining a buy recommendation, while HSBC downgraded it to a hold with a target price of $120.
  • NVIDIA reported a decrease in quarterly earnings at $0.81 EPS, missing expectations, but had a substantial revenue increase of 69.2% year-over-year.
  • Five stocks we like better than NVIDIA.

Traveka Wealth LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 40,013 shares of the computer hardware maker's stock after acquiring an additional 4,696 shares during the period. NVIDIA makes up approximately 2.4% of Traveka Wealth LLC's holdings, making the stock its 12th biggest position. Traveka Wealth LLC's holdings in NVIDIA were worth $4,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of NVIDIA in the 4th quarter worth $43,515,504,000. GAMMA Investing LLC increased its stake in shares of NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp increased its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 2.3%

NVDA traded down $4.15 during trading on Friday, reaching $173.72. The company had a trading volume of 203,669,565 shares, compared to its average volume of 153,436,048. The stock has a market cap of $4.24 trillion, a P/E ratio of 56.04, a PEG ratio of 1.57 and a beta of 2.14. The business has a 50 day simple moving average of $155.30 and a 200-day simple moving average of $132.32. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $183.30. 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 released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVDA. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Raymond James Financial increased their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group began coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price for the company. Finally, Mizuho set a $192.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.03.

Read Our Latest Stock Report on NVIDIA

Insider Transactions at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction dated 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 completion of the sale, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total value of $13,405,500.00. Following the completion of the sale, the chief executive officer owned 73,748,225 shares of the company's stock, valued at $13,181,757,736.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,339,800 shares of company stock worth $800,141,003. 4.17% of the stock is currently owned by insiders.

NVIDIA Profile

(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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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