Westfuller Advisors LLC Buys 1,238 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Westfuller Advisors LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,771 shares of the computer hardware maker’s stock after purchasing an additional 1,238 shares during the quarter. NVIDIA comprises about 1.8% of Westfuller Advisors LLC’s investment portfolio, making the stock its 15th largest position. Westfuller Advisors LLC’s holdings in NVIDIA were worth $2,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clay Northam Wealth Management LLC increased its holdings in NVIDIA by 4.4% in the first quarter. Clay Northam Wealth Management LLC now owns 32,101 shares of the computer hardware maker’s stock valued at $3,479,000 after purchasing an additional 1,341 shares during the last quarter. Aljian Capital Management LLC lifted its position in shares of NVIDIA by 1.3% in the first quarter. Aljian Capital Management LLC now owns 259,834 shares of the computer hardware maker’s stock valued at $28,161,000 after buying an additional 3,455 shares during the last quarter. Guardian Asset Advisors LLC lifted its position in shares of NVIDIA by 11.8% in the first quarter. Guardian Asset Advisors LLC now owns 60,272 shares of the computer hardware maker’s stock valued at $6,532,000 after buying an additional 6,382 shares during the last quarter. Colonial River Investments LLC increased its stake in shares of NVIDIA by 13.7% during the first quarter. Colonial River Investments LLC now owns 102,026 shares of the computer hardware maker’s stock worth $11,058,000 after purchasing an additional 12,330 shares during the period. Finally, WealthBridge Capital Management LLC increased its stake in shares of NVIDIA by 1.5% during the first quarter. WealthBridge Capital Management LLC now owns 54,747 shares of the computer hardware maker’s stock worth $5,933,000 after purchasing an additional 804 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Citigroup lifted their target price on NVIDIA from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Jefferies Financial Group lifted their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Wedbush reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.22.

NVIDIA Stock Down 0.6%

Shares of NASDAQ:NVDA opened at $171.38 on Tuesday. 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 company has a market cap of $4.18 trillion, a price-to-earnings ratio of 55.28, a PEG ratio of 1.52 and a beta of 2.13. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.25. The company has a 50-day moving average price of $146.99 and a 200 day moving average price of $129.81.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. NVIDIA’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm 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 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.29%.

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.