Vantage Point Financial LLC Has $2.07 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Vantage Point Financial LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,052 shares of the computer hardware maker's stock after acquiring an additional 3,432 shares during the quarter. NVIDIA accounts for approximately 1.0% of Vantage Point Financial LLC's investment portfolio, making the stock its 21st biggest position. Vantage Point Financial LLC's holdings in NVIDIA were worth $2,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. EQ Wealth Advisors LLC bought a new position in shares of NVIDIA in the first quarter worth $84,000. Continuum Advisory LLC grew its stake in NVIDIA by 4.8% during the first quarter. Continuum Advisory LLC now owns 90,640 shares of the computer hardware maker's stock worth $9,824,000 after buying an additional 4,176 shares in the last quarter. Wetzel Investment Advisors Inc. increased its holdings in NVIDIA by 5.8% in the 1st quarter. Wetzel Investment Advisors Inc. now owns 7,466 shares of the computer hardware maker's stock valued at $809,000 after buying an additional 409 shares during the period. Consolidated Planning Corp increased its holdings in NVIDIA by 1.3% in the 1st quarter. Consolidated Planning Corp now owns 68,099 shares of the computer hardware maker's stock valued at $7,381,000 after buying an additional 907 shares during the period. Finally, Runnymede Capital Advisors Inc. raised its position in shares of NVIDIA by 2.8% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 38,647 shares of the computer hardware maker's stock valued at $4,189,000 after buying an additional 1,057 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho increased their price target on shares of NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group started coverage on NVIDIA in a report on Thursday. They issued a "buy" rating and a $185.00 target price on the stock. Oppenheimer reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Monday, June 16th. Citigroup upped their price objective on NVIDIA from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Bank of America lifted their target price on 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 given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.03.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the transaction, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 49,131 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the transaction, the director directly owned 1,826,382 shares in the company, valued at $297,389,781.06. This trade represents a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,520,246 shares of company stock valued at $660,253,045 over the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Down 0.5%

Shares of NASDAQ:NVDA traded down $0.85 during midday trading on Monday, reaching $164.07. The company's stock had a trading volume of 136,519,797 shares, compared to its average volume of 257,761,000. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $167.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a 50 day moving average price of $141.53 and a two-hundred day moving average price of $128.62. The firm has a market capitalization of $4.00 trillion, a price-to-earnings ratio of 52.93, a PEG ratio of 1.46 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 (EPS) 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 net margin of 51.69% and a return on equity of 105.09%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share 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 paid a dividend of $0.01 per share. 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%.

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.