NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by NRI Wealth Management LC

NRI Wealth Management LC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,272 shares of the computer hardware maker’s stock after acquiring an additional 1,369 shares during the quarter. NVIDIA makes up approximately 7.4% of NRI Wealth Management LC’s portfolio, making the stock its 4th biggest position. NRI Wealth Management LC’s holdings in NVIDIA were worth $10,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Group Ltd. increased its holdings in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick bought a new stake in shares of NVIDIA in the 4th quarter valued at about $972,000. Capital & Planning LLC increased its stake in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after buying an additional 1,099 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after buying an additional 104 shares during the period. Finally, Brighton Jones LLC raised its position in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after acquiring an additional 35,815 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Oppenheimer boosted their price objective on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday. Needham & Company LLC raised their target price on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Susquehanna reiterated a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $181.22.

Insiders Place Their Bets

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

NVIDIA Trading Up 0.4%

Shares of NVDA opened at $171.37 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $172.40. The business has a 50-day moving average of $144.76 and a 200 day moving average of $129.39. The firm has a market cap of $4.18 trillion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

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

NVIDIA Announces Dividend

The company 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 payout ratio is currently 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.