Intergy Private Wealth LLC Has $899,000 Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Intergy Private Wealth LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,296 shares of the computer hardware maker’s stock after purchasing an additional 215 shares during the period. Intergy Private Wealth LLC’s holdings in NVIDIA were worth $899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter worth about $40,000. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at about $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter worth about $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total value of $6,741,000.00. Following the sale, the director now directly owns 201,044 shares in the company, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 190,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the transaction, the director now owns 8,855,848 shares of the company’s stock, valued at $1,262,046,898.48. The trade was a 2.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,469,685 shares of company stock valued at $349,669,962. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVDA. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Mizuho upped their price objective on NVIDIA from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, May 29th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, TD Cowen upped their price target on NVIDIA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.05.

NVIDIA Stock Up 0.9%

NVIDIA stock opened at $145.48 on Friday. The company has a 50 day moving average of $125.72 and a 200-day moving average of $126.66. 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 stock has a market capitalization of $3.55 trillion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its 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). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.29%.

NVIDIA Company Profile

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.