TTP Investments Inc. Has $13.73 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

TTP Investments Inc. decreased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,722 shares of the computer hardware maker's stock after selling 35,290 shares during the period. NVIDIA accounts for 5.8% of TTP Investments Inc.'s portfolio, making the stock its 5th largest position. TTP Investments Inc.'s holdings in NVIDIA were worth $13,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the fourth quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter worth approximately $50,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the director owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,044,919 shares of company stock worth $584,414,209. Insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Thursday, April 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Truist Financial raised their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $176.19.

NVIDIA Price Performance

NASDAQ NVDA opened at $159.28 on Monday. The firm has a market cap of $3.89 trillion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The stock's 50-day moving average is $136.38 and its two-hundred day moving average is $127.81. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $160.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the firm 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, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

NVIDIA 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.

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