NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by City Center Advisors LLC

City Center Advisors LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,927 shares of the computer hardware maker’s stock after acquiring an additional 105 shares during the period. NVIDIA accounts for about 0.9% of City Center Advisors LLC’s portfolio, making the stock its 20th largest holding. City Center Advisors LLC’s holdings in NVIDIA were worth $751,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealthcare Capital Partners LLC lifted its stake in NVIDIA by 13.5% during the 1st quarter. Wealthcare Capital Partners LLC now owns 9,273 shares of the computer hardware maker’s stock worth $1,005,000 after acquiring an additional 1,103 shares in the last quarter. Bank of New Hampshire increased its holdings in shares of NVIDIA by 0.5% in the 1st quarter. Bank of New Hampshire now owns 52,051 shares of the computer hardware maker’s stock valued at $5,641,000 after acquiring an additional 277 shares during the last quarter. Yarbrough Capital LLC increased its holdings in shares of NVIDIA by 4.3% in the 1st quarter. Yarbrough Capital LLC now owns 3,304,972 shares of the computer hardware maker’s stock valued at $358,193,000 after acquiring an additional 134,928 shares during the last quarter. NavPoint Financial Inc. increased its holdings in shares of NVIDIA by 91.1% in the 1st quarter. NavPoint Financial Inc. now owns 5,454 shares of the computer hardware maker’s stock valued at $591,000 after acquiring an additional 2,600 shares during the last quarter. Finally, RDA Financial Network increased its holdings in shares of NVIDIA by 1.9% in the 1st quarter. RDA Financial Network now owns 93,380 shares of the computer hardware maker’s stock valued at $10,121,000 after acquiring an additional 1,742 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the sale, the director now owns 201,044 shares in the company, valued at $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’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 sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,469,685 shares of company stock valued at $349,669,962. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four 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, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $173.05.

NVIDIA Price Performance

NVDA stock opened at $143.83 on Friday. The stock has a 50-day moving average price of $126.37 and a two-hundred day moving average price of $126.69. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $153.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.51 trillion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 1.28 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 company had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the previous year, the company earned $0.61 EPS. NVIDIA’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm 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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 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.