Jaffetilchin Investment Partners LLC Acquires 476 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Jaffetilchin Investment Partners LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 418,062 shares of the computer hardware maker’s stock after purchasing an additional 476 shares during the quarter. NVIDIA makes up about 3.3% of Jaffetilchin Investment Partners LLC’s holdings, making the stock its 6th biggest position. Jaffetilchin Investment Partners LLC’s holdings in NVIDIA were worth $45,310,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new position in NVIDIA in the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC grew 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 valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Citigroup raised their price target on shares of NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Mizuho set a $192.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report 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 issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.22.

NVIDIA Trading Down 0.3%

NVDA opened at $172.41 on Friday. 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 market capitalization of $4.21 trillion, a PE ratio of 55.62, a PEG ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $174.25. The firm has a 50-day moving average price of $146.99 and a two-hundred day moving average price of $129.86.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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 return on equity of 105.09% and a net margin of 51.69%. The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts anticipate 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 given a dividend of $0.01 per share. 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 is 1.29%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $172.52, for a total transaction of $12,939,000.00. Following the completion of the sale, the chief executive officer owned 74,348,225 shares in the company, valued at $12,826,555,777. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction that occurred on 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 sale, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. This represents a 2.74% 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 in the last quarter. 4.17% of the stock is owned by company insiders.

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.