NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Omnia Family Wealth LLC

Omnia Family Wealth LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 33.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,230 shares of the computer hardware maker’s stock after purchasing an additional 8,148 shares during the quarter. NVIDIA makes up approximately 1.5% of Omnia Family Wealth LLC’s holdings, making the stock its 13th largest holding. Omnia Family Wealth LLC’s holdings in NVIDIA were worth $3,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $38,000. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new position in NVIDIA in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Loop Capital boosted their price objective on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Jefferies Financial Group increased their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $181.22.

NVIDIA Trading Up 1.0%

NVDA opened at $173.00 on Friday. The firm has a market cap of $4.22 trillion, a P/E ratio of 55.81, a P/E/G ratio of 1.51 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.16. 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 stock has a 50-day moving average of $145.88 and a 200 day moving average of $129.63.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given 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 of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is presently 1.29%.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,814,800 shares of company stock valued at $709,172,753. Company insiders own 4.17% of the company’s stock.

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.