NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Luken Investment Analytics LLC

Luken Investment Analytics LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 107.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 621 shares of the computer hardware maker’s stock after purchasing an additional 321 shares during the period. Luken Investment Analytics LLC’s holdings in NVIDIA were worth $67,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVDA. Norges Bank acquired a new position in shares of NVIDIA during the fourth quarter valued at $43,515,504,000. GAMMA Investing LLC increased its holdings in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp increased its holdings in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. HSBC lowered NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Susquehanna reaffirmed a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. One investment 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.19.

NVIDIA Trading Up 1.3%

Shares of NASDAQ NVDA opened at $159.28 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98. The firm has a market capitalization of $3.89 trillion, a PE ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13. 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 business has a 50-day moving average price of $136.38 and a two-hundred day moving average price of $127.83.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.29%.

Insider Activity

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

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.