Permanent Capital Management LP Purchases 184 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Permanent Capital Management LP boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,840 shares of the computer hardware maker’s stock after purchasing an additional 184 shares during the quarter. NVIDIA accounts for about 0.5% of Permanent Capital Management LP’s investment portfolio, making the stock its 17th biggest holding. Permanent Capital Management LP’s holdings in NVIDIA were worth $1,609,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Oxinas Partners Wealth Management LLC boosted its position in shares of NVIDIA by 19.5% during the first quarter. Oxinas Partners Wealth Management LLC now owns 13,082 shares of the computer hardware maker’s stock worth $1,418,000 after buying an additional 2,134 shares during the period. Unique Wealth LLC raised its position in NVIDIA by 25.0% in the 1st quarter. Unique Wealth LLC now owns 47,038 shares of the computer hardware maker’s stock valued at $5,098,000 after buying an additional 9,409 shares during the last quarter. Next Level Private LLC boosted its position in NVIDIA by 5.6% during the 1st quarter. Next Level Private LLC now owns 3,552 shares of the computer hardware maker’s stock worth $385,000 after acquiring an additional 187 shares during the last quarter. Magnus Financial Group LLC boosted its position in NVIDIA by 12.0% during the 1st quarter. Magnus Financial Group LLC now owns 41,745 shares of the computer hardware maker’s stock worth $4,524,000 after acquiring an additional 4,483 shares during the last quarter. Finally, Kapstone Financial Advisors LLC grew its stake in shares of NVIDIA by 4.3% during the 1st quarter. Kapstone Financial Advisors LLC now owns 20,145 shares of the computer hardware maker’s stock worth $2,183,000 after acquiring an additional 828 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.4%

NVDA opened at $144.12 on Wednesday. The stock has a market capitalization of $3.52 trillion, a price-to-earnings ratio of 46.49, a P/E/G ratio of 1.28 and a beta of 2.12. 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 twelve month low of $86.62 and a twelve month high of $153.13. The company has a 50-day simple moving average of $124.34 and a 200 day simple moving average of $126.49.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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 return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One 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’s stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $173.05.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 190,000 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the transaction, the director now directly owns 8,855,848 shares in the company, valued at approximately $1,262,046,898.48. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on 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 directly owns 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,560,845 shares of company stock valued at $360,351,849. 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.