NVIDIA Corporation (NASDAQ:NVDA) Stake Lifted by World Investment Advisors

Key Points

• World Investment Advisors increased its position in NVIDIA Corporation by 5.3% during the first quarter, holding a total of 266,136 shares worth about $28.84 million.
• Several equities research analysts have upgraded NVIDIA's stock rating to "buy" or "strong-buy", with price targets reaching up to $200.00.
• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares of the stock for over $13.14 million, representing a 0.10% decrease in ownership.

World Investment Advisors grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,136 shares of the computer hardware maker's stock after buying an additional 13,371 shares during the period. NVIDIA accounts for approximately 0.7% of World Investment Advisors' holdings, making the stock its 20th biggest holding. World Investment Advisors' holdings in NVIDIA were worth $28,844,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter worth approximately $50,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter valued at $54,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth $51,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock traded down $4.15 during mid-day trading on Friday, hitting $173.72. 203,669,565 shares of the stock were exchanged, compared to its average volume of 248,821,531. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $183.30. 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 capitalization of $4.24 trillion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 1.58 and a beta of 2.13. The stock's fifty day simple moving average is $154.45 and its two-hundred day simple moving average is $132.03.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter last year, the company earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, analysts forecast 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 paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the sale, the chief executive officer owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This trade represents a 0.10% 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 this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the transaction, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,339,800 shares of company stock valued at $800,141,003. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on NVDA shares. 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. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $182.03.

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.