Verde Capital Management Has $6.07 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Verde Capital Management raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,958 shares of the computer hardware maker's stock after buying an additional 2,917 shares during the quarter. NVIDIA accounts for 1.7% of Verde Capital Management's portfolio, making the stock its 12th largest position. Verde Capital Management's holdings in NVIDIA were worth $6,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $40,000. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Finally, LSV Asset Management bought a new stake in NVIDIA during the 4th quarter worth about $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on 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 sale, the director now directly owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock valued at $360,351,849 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 1.1%

NVDA traded up $1.57 on Thursday, hitting $144.40. 82,386,490 shares of the company were exchanged, compared to its average volume of 276,614,343. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market cap of $3.52 trillion, a PE ratio of 56.83, a PEG ratio of 1.76 and a beta of 2.12. The stock's fifty day moving average is $120.91 and its 200-day moving average is $126.34.

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 analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Raymond James upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Truist Financial raised their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $172.24.

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.