NVIDIA Corporation (NASDAQ:NVDA) Position Boosted by Graphene Investments SAS

Graphene Investments SAS raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,500 shares of the computer hardware maker’s stock after purchasing an additional 7,100 shares during the quarter. NVIDIA accounts for approximately 3.8% of Graphene Investments SAS’s portfolio, making the stock its 4th largest holding. Graphene Investments SAS’s holdings in NVIDIA were worth $5,148,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Holistic Planning LLC grew its stake in shares of NVIDIA by 2.1% in the first quarter. Holistic Planning LLC now owns 13,337 shares of the computer hardware maker’s stock valued at $1,445,000 after buying an additional 275 shares in the last quarter. PDS Planning Inc grew its stake in shares of NVIDIA by 8.2% in the first quarter. PDS Planning Inc now owns 148,475 shares of the computer hardware maker’s stock valued at $16,092,000 after buying an additional 11,309 shares in the last quarter. Motiv8 Investments LLC grew its stake in shares of NVIDIA by 4.8% in the first quarter. Motiv8 Investments LLC now owns 8,870 shares of the computer hardware maker’s stock valued at $961,000 after buying an additional 406 shares in the last quarter. Kraft Davis & Associates LLC grew its stake in shares of NVIDIA by 25.3% in the first quarter. Kraft Davis & Associates LLC now owns 34,684 shares of the computer hardware maker’s stock valued at $3,759,000 after buying an additional 6,996 shares in the last quarter. Finally, MFG Wealth Management Inc. grew its stake in shares of NVIDIA by 3.0% in the first quarter. MFG Wealth Management Inc. now owns 30,456 shares of the computer hardware maker’s stock valued at $3,301,000 after buying an additional 894 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.3%

NASDAQ NVDA opened at $172.41 on Friday. The stock has a fifty day moving average of $146.99 and a 200-day moving average of $129.90. The stock has a market capitalization of $4.21 trillion, a P/E ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.25. 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 released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid 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 (DPR) is presently 1.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVDA shares. Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Piper Sandler reiterated an “overweight” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Rosenblatt Securities lifted their target price on NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.22.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer directly owned 2,984,516 shares in the company, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00. Following the transaction, the chief executive officer owned 74,348,225 shares in the company, valued at approximately $12,826,555,777. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock valued at $734,906,003 over the last three months. 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.