NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Berry Wealth Group LP

Berry Wealth Group LP increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,421 shares of the computer hardware maker’s stock after purchasing an additional 619 shares during the quarter. NVIDIA comprises about 1.0% of Berry Wealth Group LP’s portfolio, making the stock its 29th biggest holding. Berry Wealth Group LP’s holdings in NVIDIA were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

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

NVIDIA Stock Up 4.0%

Shares of NASDAQ NVDA opened at $170.70 on Wednesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $172.40. The firm’s 50-day simple moving average is $143.67 and its 200 day simple moving average is $129.10. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.17 trillion, a price-to-earnings ratio of 55.06, a price-to-earnings-growth ratio of 1.45 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $0.61 earnings per share. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Barclays raised their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Finally, Mizuho set a $192.00 price objective on NVIDIA in a research report on Tuesday. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.92.

Insider Activity at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is owned by corporate insiders.

NVIDIA Company 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.