Vantage Investment Partners LLC Acquires 202,191 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Vantage Investment Partners LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 311.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 267,128 shares of the computer hardware maker's stock after buying an additional 202,191 shares during the quarter. NVIDIA comprises approximately 2.4% of Vantage Investment Partners LLC's portfolio, making the stock its 19th biggest position. Vantage Investment Partners LLC's holdings in NVIDIA were worth $28,951,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NVDA. BCR Wealth Strategies LLC increased its position in shares of NVIDIA by 3.1% during the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after purchasing an additional 89 shares during the last quarter. Condor Capital Management increased its position in shares of NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares during the last quarter. Squire Investment Management Company LLC increased its position in shares of NVIDIA by 4.0% during the 4th quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock valued at $317,000 after purchasing an additional 91 shares during the last quarter. Kelly Financial Services LLC increased its position in shares of NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC increased its position in shares of NVIDIA by 2.9% during the 4th quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker's stock valued at $461,000 after purchasing an additional 96 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NVDA opened at $164.92 on Friday. The business's 50-day moving average is $141.53 and its two-hundred day moving average is $128.77. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $167.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $4.02 trillion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.45 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NVDA shares. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Mizuho boosted their target price on NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $177.03.

Insider Activity

In other NVIDIA news, Director A Brooke Seawell sold 49,131 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total value of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company's stock, valued at approximately $297,389,781.06. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,520,246 shares of company stock valued at $660,253,045. Corporate insiders own 4.17% of the company's stock.

NVIDIA Company 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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