Puff Wealth Management LLC Buys 1,088 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Puff Wealth Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,274 shares of the computer hardware maker’s stock after buying an additional 1,088 shares during the period. NVIDIA accounts for 1.5% of Puff Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Puff Wealth Management LLC’s holdings in NVIDIA were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the fourth quarter worth about $50,000. LSV Asset Management purchased a new stake in NVIDIA in the fourth quarter worth about $54,000. Finally, Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% in 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. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NVDA shares. Wedbush restated an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna reiterated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $175.78.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 50,000 shares of the firm’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.26, for a total transaction of $7,213,000.00. Following the sale, the chief executive officer now directly owns 75,723,225 shares in the company, valued at $10,923,832,438.50. This trade represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 50,980 shares of the firm’s stock in a transaction on 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 sale, the director now owns 1,679,361 shares in the company, valued at $263,525,328.12. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,792,267 shares of company stock worth $544,823,117. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.8%

NVDA opened at $157.75 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $158.71. The company has a market capitalization of $3.85 trillion, a PE ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12. The firm’s 50 day simple moving average is $130.96 and its two-hundred day simple moving average is $127.05.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The firm’s revenue was up 69.2% on a year-over-year basis. As a group, equities analysts forecast 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. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. 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 presently 1.29%.

About NVIDIA

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.