NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Gerber LLC

Gerber LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,422 shares of the computer hardware maker’s stock after purchasing an additional 241 shares during the quarter. NVIDIA comprises approximately 2.9% of Gerber LLC’s investment portfolio, making the stock its 9th biggest holding. Gerber LLC’s holdings in NVIDIA were worth $3,514,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invesco LLC increased its stake in shares of NVIDIA by 16.5% during the first quarter. Invesco LLC now owns 38,416 shares of the computer hardware maker’s stock valued at $4,163,000 after acquiring an additional 5,455 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of NVIDIA by 4.9% in the 1st quarter. Harbour Capital Advisors LLC now owns 44,028 shares of the computer hardware maker’s stock worth $4,482,000 after buying an additional 2,038 shares in the last quarter. Proactive Wealth Strategies LLC lifted its holdings in shares of NVIDIA by 6.8% in the first quarter. Proactive Wealth Strategies LLC now owns 55,128 shares of the computer hardware maker’s stock valued at $5,975,000 after buying an additional 3,509 shares during the period. Navis Wealth Advisors LLC boosted its stake in NVIDIA by 1.8% during the first quarter. Navis Wealth Advisors LLC now owns 30,715 shares of the computer hardware maker’s stock valued at $3,329,000 after buying an additional 548 shares in the last quarter. Finally, Berry Wealth Group LP grew its holdings in NVIDIA by 5.7% during the first quarter. Berry Wealth Group LP now owns 11,421 shares of the computer hardware maker’s stock worth $1,238,000 after acquiring an additional 619 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 4.0%

Shares of NVDA stock opened at $170.70 on Wednesday. The firm’s fifty day moving average price is $143.67 and its two-hundred day moving average price is $129.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $172.40. 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 $4.17 trillion, a P/E ratio of 55.06, a PEG ratio of 1.45 and a beta of 2.13.

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

NVIDIA Announces Dividend

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

Insider Activity

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of NVIDIA 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 completion of the transaction, the director directly owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares in the company, valued at $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,767,150 shares of company stock valued at $701,030,045 in the last ninety days. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVDA. Wedbush reiterated an “outperform” rating on shares of NVIDIA in a report on Thursday, May 29th. Bank of America upped their price target on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. The Goldman Sachs Group started coverage on NVIDIA in a report on Thursday, July 10th. They issued a “buy” rating and a $185.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $177.92.

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.