Global Financial Private Client LLC Buys 1,538 Shares of NVIDIA Co. (NASDAQ:NVDA)

Global Financial Private Client LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,485 shares of the computer hardware maker’s stock after purchasing an additional 1,538 shares during the period. NVIDIA accounts for 0.9% of Global Financial Private Client LLC’s portfolio, making the stock its 23rd largest position. Global Financial Private Client LLC’s holdings in NVIDIA were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

NVIDIA Price Performance

NASDAQ NVDA opened at $142.63 on Tuesday. The firm’s 50 day moving average is $119.10 and its 200-day moving average is $126.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.48 trillion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA) 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total value of $17,338,942.44. Following the completion of the transaction, the director now directly owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NVDA shares. Raymond James raised their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Needham & Company LLC restated a “buy” rating and set a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Bank of America lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $171.66.

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.