Boomfish Wealth Group LLC Has $3.33 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Boomfish Wealth Group LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,678 shares of the computer hardware maker’s stock after purchasing an additional 1,423 shares during the quarter. NVIDIA comprises about 2.2% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 5th largest holding. Boomfish Wealth Group LLC’s holdings in NVIDIA were worth $3,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners boosted its stake in NVIDIA by 11.3% during the 1st quarter. Tennessee Valley Asset Management Partners now owns 27,596 shares of the computer hardware maker’s stock valued at $2,991,000 after purchasing an additional 2,801 shares in the last quarter. PKO Investment Management Joint Stock Co boosted its position in shares of NVIDIA by 70.9% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 270,000 shares of the computer hardware maker’s stock valued at $29,263,000 after purchasing an additional 112,000 shares in the last quarter. Edge Financial Advisors LLC grew its stake in shares of NVIDIA by 3.6% in the 1st quarter. Edge Financial Advisors LLC now owns 4,710 shares of the computer hardware maker’s stock worth $510,000 after purchasing an additional 162 shares during the last quarter. Lesa Sroufe & Co bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $228,000. Finally, Chicago Capital LLC lifted its stake in NVIDIA by 4.2% during the first quarter. Chicago Capital LLC now owns 797,933 shares of the computer hardware maker’s stock valued at $86,480,000 after purchasing an additional 32,353 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 51,740 shares of NVIDIA stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $154.62, for a total value of $8,000,038.80. Following the transaction, the director directly owned 1,576,709 shares of the company’s stock, valued at $243,790,745.58. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $157.53, for a total value of $11,814,750.00. Following the completion of the sale, the chief executive officer directly owned 75,323,225 shares of the company’s stock, valued at $11,865,667,634.25. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,044,919 shares of company stock worth $584,414,209 over the last ninety days. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Truist Financial raised their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, four have issued 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.19.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $159.28 on Friday. The business’s 50-day simple moving average is $136.38 and its 200-day simple moving average is $127.84. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $160.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market cap of $3.89 trillion, a price-to-earnings ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend 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.