PPS&V Asset Management Consultants Inc. Increases Position in NVIDIA Corporation (NASDAQ:NVDA)

PPS&V Asset Management Consultants Inc. lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,230 shares of the computer hardware maker’s stock after buying an additional 652 shares during the period. NVIDIA accounts for approximately 0.8% of PPS&V Asset Management Consultants Inc.’s portfolio, making the stock its 14th largest holding. PPS&V Asset Management Consultants Inc.’s holdings in NVIDIA were worth $1,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $38,000. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter worth approximately $50,000. Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management purchased a new position in NVIDIA during the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Robert K. Burgess sold 50,000 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 50,980 shares of NVIDIA stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the completion of the transaction, the director now directly owns 1,679,361 shares of the company’s stock, valued at $263,525,328.12. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,792,267 shares of company stock valued at $544,823,117. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $157.75 on Friday. The firm has a market cap of $3.85 trillion, a P/E ratio of 50.89, a P/E/G ratio of 1.37 and a beta of 2.12. 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 1-year low of $86.62 and a 1-year high of $158.71. The firm has a fifty day moving average of $130.96 and a two-hundred day moving average of $127.05.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the business earned $0.61 earnings per share. NVIDIA’s revenue was up 69.2% on a year-over-year basis. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. UBS Group reissued a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Mizuho lifted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Finally, Barclays lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $175.78.

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.