NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Tranquility Partners LLC

Tranquility Partners LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,572 shares of the computer hardware maker’s stock after buying an additional 2,982 shares during the period. NVIDIA makes up 1.7% of Tranquility Partners LLC’s portfolio, making the stock its 14th biggest position. Tranquility Partners LLC’s holdings in NVIDIA were worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. CNB Bank increased its stake in NVIDIA by 5.1% during the 1st quarter. CNB Bank now owns 98,723 shares of the computer hardware maker’s stock valued at $10,700,000 after buying an additional 4,779 shares during the period. Graphene Investments SAS increased its stake in NVIDIA by 17.6% during the 1st quarter. Graphene Investments SAS now owns 47,500 shares of the computer hardware maker’s stock valued at $5,148,000 after buying an additional 7,100 shares during the period. Holistic Planning LLC increased its stake in NVIDIA by 2.1% during the 1st 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 during the period. PDS Planning Inc increased its stake in NVIDIA by 8.2% during the 1st 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 during the period. Finally, Motiv8 Investments LLC increased its stake in NVIDIA by 4.8% during the 1st 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 during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 0.3%

Shares of NASDAQ:NVDA opened at $172.41 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. The company’s 50-day moving average price is $146.99 and its two-hundred day moving average price is $129.90. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.21 trillion, a P/E ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13.

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 the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during 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%. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,964,800 shares of company stock worth $734,906,003 over the last quarter. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NVDA shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Mizuho set a $192.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.