NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,321 shares of the computer hardware maker’s stock after buying an additional 323 shares during the quarter. NVIDIA accounts for approximately 1.1% of Broadway Wealth Solutions Inc.’s holdings, making the stock its 15th biggest holding. Broadway Wealth Solutions Inc.’s holdings in NVIDIA were worth $1,444,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

NVDA has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Citigroup restated a “buy” rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Truist Financial increased their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.05.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director now directly owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,469,685 shares of company stock valued at $349,669,962 over the last quarter. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 1.1%

NASDAQ NVDA opened at $143.83 on Friday. 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 has a 50-day simple moving average of $126.37 and a 200 day simple moving average of $126.69. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $153.13. The stock has a market cap of $3.51 trillion, a PE ratio of 46.40, a PEG ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted 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 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 analyst estimates of $43.09 billion. During the same period last year, the company earned $0.61 EPS. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA 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.