Uniting Wealth Partners LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,225 shares of the computer hardware maker's stock after acquiring an additional 1,545 shares during the quarter. NVIDIA comprises 2.9% of Uniting Wealth Partners LLC's investment portfolio, making the stock its 5th biggest holding. Uniting Wealth Partners LLC's holdings in NVIDIA were worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Clarus Group Inc. grew its position in NVIDIA by 0.5% during the first quarter. Clarus Group Inc. now owns 42,366 shares of the computer hardware maker's stock worth $4,592,000 after buying an additional 225 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in NVIDIA by 0.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,783,100 shares of the computer hardware maker's stock valued at $6,912,812,000 after acquiring an additional 167,461 shares during the period. Barnes Pettey Financial Advisors LLC increased its stake in NVIDIA by 8.7% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 21,135 shares of the computer hardware maker's stock valued at $2,291,000 after acquiring an additional 1,700 shares during the last quarter. J. L. Bainbridge & Co. Inc. boosted its position in NVIDIA by 72.5% in the first quarter. J. L. Bainbridge & Co. Inc. now owns 15,334 shares of the computer hardware maker's stock valued at $1,662,000 after buying an additional 6,444 shares in the last quarter. Finally, Overbrook Management Corp lifted its holdings in shares of NVIDIA by 14.8% during the first quarter. Overbrook Management Corp now owns 297,982 shares of the computer hardware maker's stock worth $32,295,000 after purchasing an additional 38,481 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $172.52, for a total transaction of $12,939,000.00. Following the sale, the chief executive officer directly owned 74,348,225 shares in the company, valued at approximately $12,826,555,777. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 48,792 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NVIDIA stock opened at $171.38 on Tuesday. The firm has a market capitalization of $4.18 trillion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $146.99 and its 200 day simple moving average is $129.81.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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 net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business earned $0.61 earnings per share. NVIDIA's revenue was up 69.2% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
Analyst Ratings Changes
Several research firms have recently commented on NVDA. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Needham & Company LLC boosted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Bank of America increased their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $181.22.
Read Our Latest Stock Analysis on NVIDIA
NVIDIA Company 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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