Impact Capital Partners LLC Raises Position in NVIDIA Corporation (NASDAQ:NVDA)

Impact Capital Partners LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,533 shares of the computer hardware maker’s stock after acquiring an additional 1,338 shares during the quarter. NVIDIA comprises approximately 3.0% of Impact Capital Partners LLC’s portfolio, making the stock its 3rd biggest holding. Impact Capital Partners LLC’s holdings in NVIDIA were worth $8,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Wealth Management LLC increased its holdings in shares of NVIDIA by 4.8% in the first quarter. Horizon Wealth Management LLC now owns 43,062 shares of the computer hardware maker’s stock worth $4,667,000 after purchasing an additional 1,975 shares during the period. Tower Wealth Partners Inc. increased its holdings in shares of NVIDIA by 28.1% in the first quarter. Tower Wealth Partners Inc. now owns 2,127 shares of the computer hardware maker’s stock worth $231,000 after purchasing an additional 466 shares during the period. Fortress Financial Group LLC increased its holdings in shares of NVIDIA by 30.7% in the first quarter. Fortress Financial Group LLC now owns 5,649 shares of the computer hardware maker’s stock worth $612,000 after purchasing an additional 1,328 shares during the period. Elk River Wealth Management LLC increased its holdings in shares of NVIDIA by 2.7% in the first quarter. Elk River Wealth Management LLC now owns 51,717 shares of the computer hardware maker’s stock worth $5,606,000 after purchasing an additional 1,382 shares during the period. Finally, Cranbrook Wealth Management LLC increased its holdings in shares of NVIDIA by 8.4% in the first quarter. Cranbrook Wealth Management LLC now owns 6,452 shares of the computer hardware maker’s stock worth $699,000 after purchasing an additional 500 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,540,845 shares of company stock worth $357,983,449 over the last three months. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $145.48 on Thursday. 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 stock has a market capitalization of $3.55 trillion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12. The stock’s 50 day moving average price is $124.96 and its 200-day moving average price is $126.62. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current 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 paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Truist Financial upped their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.05.

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.