1,981 Shares in NVIDIA Corporation (NASDAQ:NVDA) Purchased by Financial Futures Ltd Liability Co.

Financial Futures Ltd Liability Co. acquired a new position in NVIDIA Corporation (NASDAQ:NVDA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,981 shares of the computer hardware maker’s stock, valued at approximately $215,000.

Several other large investors also recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC lifted its position in NVIDIA by 0.6% in the 1st quarter. Jeppson Wealth Management LLC now owns 86,395 shares of the computer hardware maker’s stock worth $9,364,000 after buying an additional 483 shares during the last quarter. Heirloom Wealth Management lifted its position in NVIDIA by 15.4% in the 1st quarter. Heirloom Wealth Management now owns 191,764 shares of the computer hardware maker’s stock worth $20,783,000 after buying an additional 25,569 shares during the last quarter. Hoertkorn Richard Charles lifted its position in NVIDIA by 209.2% in the 1st quarter. Hoertkorn Richard Charles now owns 11,006 shares of the computer hardware maker’s stock worth $1,193,000 after buying an additional 7,446 shares during the last quarter. Surience Private Wealth LLC bought a new stake in NVIDIA in the 1st quarter worth approximately $1,471,000. Finally, Highland Capital Management LLC lifted its position in NVIDIA by 2.2% in the 1st quarter. Highland Capital Management LLC now owns 351,111 shares of the computer hardware maker’s stock worth $38,053,000 after buying an additional 7,561 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,964,800 shares of company stock valued at $734,906,003. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 0.3%

Shares of NASDAQ NVDA opened at $172.41 on Monday. 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 business has a fifty day simple moving average of $146.99 and a two-hundred day simple moving average of $129.81. The firm has a market cap of $4.21 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $174.25.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for 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 company’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup boosted their price objective on NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Bank of America boosted their price objective on NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Raymond James Financial boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Seaport Res Ptn raised 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.22.

NVIDIA 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.