NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Retirement Wealth Solutions LLC

Retirement Wealth Solutions LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 82.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,091 shares of the computer hardware maker’s stock after buying an additional 1,850 shares during the quarter. Retirement Wealth Solutions LLC’s holdings in NVIDIA were worth $443,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the fourth quarter valued at $50,000. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, Director Mark A. Stevens sold 125,836 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the sale, the director now owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,255,320 shares of company stock valued at $172,680,419. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Raymond James upped their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Rosenblatt Securities upped their target price on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, May 29th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Finally, Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.66.

NVIDIA Stock Up 0.6%

NVDA opened at $142.63 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. 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. The business has a 50-day moving average of $119.10 and a 200-day moving average of $126.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. Equities research analysts forecast that NVIDIA Co. will post 2.77 EPS 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 dividend of $0.01 per share. 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 dividend payout ratio is 1.29%.

About NVIDIA

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.