NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,032 shares of the computer hardware maker’s stock after purchasing an additional 541 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in NVIDIA were worth $762,000 at the end of the most recent reporting period.

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 125,836 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the completion of the sale, the director now owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the 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 owns 201,044 shares of the company’s stock, valued at approximately $27,104,752.08. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,469,685 shares of company stock worth $349,669,962 in the last 90 days. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Susquehanna reiterated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. Oppenheimer restated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Monday, June 16th. Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Finally, Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. One research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.05.

NVIDIA Stock Performance

Shares of NVDA stock opened at $143.83 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The stock’s 50-day moving average is $126.37 and its two-hundred day moving average is $126.56. The firm has a market cap of $3.51 trillion, a P/E ratio of 46.40, a PEG ratio of 1.27 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 firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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