NVIDIA Corporation (NASDAQ:NVDA) Shares Bought by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 49.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,230 shares of the computer hardware maker’s stock after buying an additional 14,363 shares during the period. NVIDIA comprises 1.2% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 29th biggest holding. Valicenti Advisory Services Inc.’s holdings in NVIDIA were worth $4,685,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mattern Capital Management LLC acquired a new position in NVIDIA during the first quarter worth $400,000. Riverbend Wealth Management LLC increased its position in shares of NVIDIA by 4.7% in the first quarter. Riverbend Wealth Management LLC now owns 18,441 shares of the computer hardware maker’s stock valued at $1,999,000 after buying an additional 836 shares in the last quarter. Trust Co of Kansas raised its stake in shares of NVIDIA by 7.3% during the 1st quarter. Trust Co of Kansas now owns 1,928 shares of the computer hardware maker’s stock worth $209,000 after buying an additional 132 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $387,000. Finally, Mattern Wealth Management LLC grew its holdings in NVIDIA by 0.6% during the 1st quarter. Mattern Wealth Management LLC now owns 33,450 shares of the computer hardware maker’s stock valued at $3,625,000 after buying an additional 195 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction dated 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 sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Mizuho set a $192.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Tuesday. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. One 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 issued 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 $181.22.

NVIDIA Stock Performance

Shares of NVDA stock 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 stock’s 50-day moving average is $144.76 and its two-hundred day moving average is $129.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $4.18 trillion, a P/E ratio of 55.28, a PEG ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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