NVIDIA Corporation (NASDAQ:NVDA) is Intellectus Partners LLC’s 7th Largest Position

Intellectus Partners LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,995 shares of the computer hardware maker’s stock after buying an additional 1,546 shares during the quarter. NVIDIA accounts for approximately 1.8% of Intellectus Partners LLC’s holdings, making the stock its 7th biggest position. Intellectus Partners LLC’s holdings in NVIDIA were worth $7,262,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Stablepoint Partners LLC grew its stake in NVIDIA by 2.9% during the 1st quarter. Stablepoint Partners LLC now owns 35,631 shares of the computer hardware maker’s stock valued at $3,862,000 after acquiring an additional 1,020 shares in the last quarter. KRS Capital Management LLC lifted its position in shares of NVIDIA by 0.4% in the first quarter. KRS Capital Management LLC now owns 234,309 shares of the computer hardware maker’s stock worth $25,394,000 after purchasing an additional 874 shares in the last quarter. Consilio Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 0.9% during the first quarter. Consilio Wealth Advisors LLC now owns 28,457 shares of the computer hardware maker’s stock worth $3,084,000 after purchasing an additional 261 shares during the period. Cora Capital Advisors LLC grew its position in NVIDIA by 14.7% during the first quarter. Cora Capital Advisors LLC now owns 12,068 shares of the computer hardware maker’s stock valued at $1,308,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Avity Investment Management Inc. grew its position in NVIDIA by 10.5% during the first quarter. Avity Investment Management Inc. now owns 298,712 shares of the computer hardware maker’s stock valued at $32,374,000 after purchasing an additional 28,266 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $144.12 on Wednesday. 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 firm’s 50-day moving average is $124.34 and its 200-day moving average is $126.49. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a market cap of $3.52 trillion, a price-to-earnings ratio of 46.49, a PEG ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) 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 firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue was up 69.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NVDA shares. Rosenblatt Securities increased their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, TD Cowen lifted their price target on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $173.05.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,560,845 shares of company stock worth $360,351,849 over the last 90 days. Corporate insiders own 4.17% of the company’s stock.

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.