NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by New World Advisors LLC

New World Advisors LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 20.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,856 shares of the computer hardware maker’s stock after acquiring an additional 1,491 shares during the period. NVIDIA comprises about 0.2% of New World Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. New World Advisors LLC’s holdings in NVIDIA were worth $960,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NVDA. Centerpoint Advisory Group raised its holdings in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC grew its position in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after buying an additional 1,043 shares during the last quarter. Variant Private Wealth LLC grew its position in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Financial Perspectives Inc lifted its stake in shares of NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Hickory Point Bank & Trust bought a new position in shares of NVIDIA during the 4th quarter worth about $2,272,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer owned 2,984,516 shares in the company, valued at $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer 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. Insiders sold a total of 4,814,800 shares of company stock worth $709,172,753 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Trading Up 1.0%

NVIDIA stock opened at $173.00 on Friday. The firm has a 50 day moving average of $145.88 and a 200 day moving average of $129.63. The firm has a market capitalization of $4.22 trillion, a price-to-earnings 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.

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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced 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. 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%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NVDA. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Tuesday. Citigroup increased their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Truist Financial increased their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a “buy” rating 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-three have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.22.

About NVIDIA

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.