NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Retirement Financial Solutions LLC

Retirement Financial Solutions LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,781 shares of the computer hardware maker’s stock after buying an additional 317 shares during the quarter. NVIDIA accounts for 0.2% of Retirement Financial Solutions LLC’s investment portfolio, making the stock its 28th largest position. Retirement Financial Solutions LLC’s holdings in NVIDIA were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Farmers & Merchants Investments Inc. raised its stake in NVIDIA by 133.6% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 155,294 shares of the computer hardware maker’s stock worth $16,831,000 after acquiring an additional 88,806 shares in the last quarter. Tritonpoint Wealth LLC grew its position in NVIDIA by 3.6% during the 1st quarter. Tritonpoint Wealth LLC now owns 98,160 shares of the computer hardware maker’s stock worth $10,640,000 after purchasing an additional 3,383 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its holdings in shares of NVIDIA by 8.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 393,000 shares of the computer hardware maker’s stock valued at $42,593,000 after acquiring an additional 30,609 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of NVIDIA by 2.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 258,166 shares of the computer hardware maker’s stock valued at $27,980,000 after acquiring an additional 6,798 shares in the last quarter. Finally, Goldstone Financial Group LLC boosted its holdings in shares of NVIDIA by 17.9% in the first quarter. Goldstone Financial Group LLC now owns 29,725 shares of the computer hardware maker’s stock valued at $3,222,000 after acquiring an additional 4,511 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the transaction, the chief financial officer now directly owns 173,060 shares in the company, valued at $24,956,982.60. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares in the company, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,792,267 shares of company stock worth $544,823,117. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVDA opened at $157.75 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $158.71. The company has a 50 day moving average of $130.96 and a two-hundred day moving average of $126.97. The company has a market cap of $3.85 trillion, a P/E ratio of 50.89, a P/E/G ratio of 1.40 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced 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). The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target 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.