Fishman Jay A Ltd. MI Increases Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Fishman Jay A Ltd. MI increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 21.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,846 shares of the computer hardware maker’s stock after purchasing an additional 51,948 shares during the period. NVIDIA accounts for 3.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 10th largest holding. Fishman Jay A Ltd. MI’s holdings in NVIDIA were worth $31,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. GSB Wealth Management LLC grew its stake in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its stake in NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Financial Perspectives Inc grew its stake in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares in the last quarter. Hickory Point Bank & Trust purchased a new position in NVIDIA during the fourth quarter valued at $2,272,000. Finally, Pegasus Asset Management Inc. grew its stake in NVIDIA by 0.3% during the first quarter. Pegasus Asset Management Inc. now owns 76,750 shares of the computer hardware maker’s stock valued at $8,318,000 after acquiring an additional 197 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 49,131 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director owned 1,826,382 shares of the company’s stock, valued at approximately $297,389,781.06. This represents a 2.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,520,246 shares of company stock valued at $660,253,045. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 0.7%

Shares of NVDA opened at $164.10 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $164.50. The company has a 50-day moving average of $140.52 and a 200 day moving average of $128.60. The firm has a market capitalization of $4.00 trillion, a price-to-earnings ratio of 52.94, a PEG ratio of 1.44 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.29%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NVDA shares. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.03.

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.