BridgePort Financial Solutions LLC Acquires 220 Shares of NVIDIA Corporation (NASDAQ:NVDA)

BridgePort Financial Solutions LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,808 shares of the computer hardware maker’s stock after purchasing an additional 220 shares during the quarter. NVIDIA accounts for approximately 0.9% of BridgePort Financial Solutions LLC’s investment portfolio, making the stock its 27th biggest holding. BridgePort Financial Solutions LLC’s holdings in NVIDIA were worth $2,038,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. YHB Investment Advisors Inc. lifted its stake in NVIDIA by 2.0% in the 1st quarter. YHB Investment Advisors Inc. now owns 229,445 shares of the computer hardware maker’s stock valued at $24,867,000 after purchasing an additional 4,459 shares during the last quarter. Embree Financial Group lifted its stake in NVIDIA by 9.8% in the 1st quarter. Embree Financial Group now owns 89,619 shares of the computer hardware maker’s stock valued at $9,713,000 after purchasing an additional 7,990 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in NVIDIA by 1.2% in the 1st quarter. Keudell Morrison Wealth Management now owns 20,906 shares of the computer hardware maker’s stock valued at $2,266,000 after purchasing an additional 241 shares during the last quarter. Investment Planning Advisors Inc. lifted its stake in NVIDIA by 23.6% in the 1st quarter. Investment Planning Advisors Inc. now owns 2,370 shares of the computer hardware maker’s stock valued at $257,000 after purchasing an additional 452 shares during the last quarter. Finally, Integris Wealth Management LLC lifted its stake in NVIDIA by 4.4% in the 1st quarter. Integris Wealth Management LLC now owns 3,828 shares of the computer hardware maker’s stock valued at $415,000 after purchasing an additional 162 shares during the last quarter. Institutional investors 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 firm’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 sale, the director owned 1,826,382 shares in the company, valued at $297,389,781.06. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction 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 $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,520,246 shares of company stock worth $660,253,045 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $164.07 on Tuesday. 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 firm has a market capitalization of $4.00 trillion, a price-to-earnings ratio of 52.93, a P/E/G ratio of 1.46 and a beta of 2.13. The firm’s 50 day simple moving average is $142.53 and its 200 day simple moving average is $128.80. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $167.89.

NVIDIA (NASDAQ:NVDA) last posted 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 return on equity of 105.09% and a net margin of 51.69%. The business’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, research analysts expect 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. Investors of record on Wednesday, June 11th were given 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 0.02%. NVIDIA’s dividend payout ratio is 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Wedbush reissued an “outperform” rating on shares of NVIDIA 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 given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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.