Stiles Financial Services Inc Buys 512 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Stiles Financial Services Inc lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,661 shares of the computer hardware maker’s stock after acquiring an additional 512 shares during the quarter. NVIDIA comprises about 6.3% of Stiles Financial Services Inc’s investment portfolio, making the stock its biggest holding. Stiles Financial Services Inc’s holdings in NVIDIA were worth $16,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new position in NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management acquired a new stake in shares of NVIDIA during the 4th quarter valued at $54,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director A Brooke Seawell sold 49,131 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $162.83, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares of the company’s stock, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,520,246 shares of company stock valued at $660,253,045 in the last ninety days. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVDA. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Truist Financial lifted their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Loop Capital lifted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Susquehanna reiterated a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Rosenblatt Securities boosted their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $177.03.

NVIDIA Price Performance

Shares of NVDA stock opened at $164.92 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $167.89. The firm’s 50 day moving average is $141.53 and its 200-day moving average is $128.69. The firm has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.46 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.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for 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 revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is presently 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.