NVIDIA Corporation (NASDAQ:NVDA) Stake Lifted by Hudson Capital Management LLC

Hudson Capital Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 12.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,440 shares of the computer hardware maker’s stock after buying an additional 475 shares during the quarter. Hudson Capital Management LLC’s holdings in NVIDIA were worth $481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Generali Investments Management Co LLC increased its holdings in shares of NVIDIA by 19.0% in the 1st quarter. Generali Investments Management Co LLC now owns 199,934 shares of the computer hardware maker’s stock worth $21,669,000 after acquiring an additional 31,950 shares during the period. Signal Advisors Wealth LLC grew its position in NVIDIA by 20.7% in the 1st quarter. Signal Advisors Wealth LLC now owns 78,202 shares of the computer hardware maker’s stock worth $8,476,000 after purchasing an additional 13,390 shares during the last quarter. ACT Wealth Management LLC increased its stake in shares of NVIDIA by 3.7% in the first quarter. ACT Wealth Management LLC now owns 5,616 shares of the computer hardware maker’s stock valued at $609,000 after purchasing an additional 200 shares during the period. Ullmann Wealth Partners Group LLC raised its holdings in shares of NVIDIA by 9.3% during the first quarter. Ullmann Wealth Partners Group LLC now owns 23,240 shares of the computer hardware maker’s stock valued at $2,519,000 after buying an additional 1,976 shares during the last quarter. Finally, Edge Wealth Management LLC boosted its position in shares of NVIDIA by 29.0% during the first quarter. Edge Wealth Management LLC now owns 10,138 shares of the computer hardware maker’s stock worth $1,099,000 after buying an additional 2,282 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. Morgan Stanley restated an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Citigroup reissued a “buy” rating and set a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $173.05.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $144.12 on Wednesday. The company has a market cap of $3.52 trillion, a P/E ratio of 46.49, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12. The company’s fifty day moving average is $124.34 and its two-hundred day moving average is $126.49. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 69.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is owned by company insiders.

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.