NVIDIA Corporation (NASDAQ:NVDA) Stake Increased by Colorado Capital Management Inc.

Colorado Capital Management Inc. boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,779 shares of the computer hardware maker’s stock after acquiring an additional 145 shares during the period. Colorado Capital Management Inc.’s holdings in NVIDIA were worth $626,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVDA. DHJJ Financial Advisors Ltd. grew its position in shares of NVIDIA by 109.4% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 712 shares of the computer hardware maker’s stock worth $77,000 after acquiring an additional 372 shares in the last quarter. Prosperity Wealth Management Inc. lifted its stake in NVIDIA by 0.4% during the first quarter. Prosperity Wealth Management Inc. now owns 37,790 shares of the computer hardware maker’s stock worth $4,096,000 after purchasing an additional 144 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its holdings in NVIDIA by 23.8% in the first quarter. Birch Hill Investment Advisors LLC now owns 49,946 shares of the computer hardware maker’s stock worth $5,413,000 after purchasing an additional 9,596 shares during the period. Boomfish Wealth Group LLC increased its stake in NVIDIA by 4.9% during the first quarter. Boomfish Wealth Group LLC now owns 30,678 shares of the computer hardware maker’s stock valued at $3,325,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners raised its holdings in shares of NVIDIA by 11.3% during the first quarter. Tennessee Valley Asset Management Partners now owns 27,596 shares of the computer hardware maker’s stock worth $2,991,000 after purchasing an additional 2,801 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. UBS Group restated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Bank of America upped their target price on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Mizuho raised their price target on NVIDIA from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Truist Financial upped their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.19.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 1.3%

Shares of NASDAQ:NVDA opened at $159.28 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. The stock has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $160.98. The firm has a fifty day moving average price of $136.38 and a 200 day moving average price of $127.84.

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

NVIDIA Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.29%.

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.