Wall Street Financial Group Inc. Acquires 1,493 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Wall Street Financial Group Inc. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,442 shares of the computer hardware maker's stock after buying an additional 1,493 shares during the quarter. NVIDIA comprises 1.8% of Wall Street Financial Group Inc.'s portfolio, making the stock its 14th largest holding. Wall Street Financial Group Inc.'s holdings in NVIDIA were worth $1,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at about $38,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC raised 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 during the period. Finally, LSV Asset Management purchased a new position in NVIDIA during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This trade represents a 2.74% 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, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.88, for a total transaction of $3,417,600.00. Following the transaction, the chief financial officer directly owned 163,060 shares in the company, valued at approximately $27,863,692.80. This represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Corporate insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVDA shares. Bank of America lifted their target price on NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $181.22.

NVIDIA Trading Down 0.6%

NASDAQ NVDA opened at $171.38 on Tuesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25. 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 stock has a market cap of $4.18 trillion, a price-to-earnings ratio of 55.28, a PEG ratio of 1.52 and a beta of 2.13. The firm's 50 day moving average price is $146.99 and its two-hundred day moving average price is $129.81.

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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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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