NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Heritage Investment Group Inc.

Heritage Investment Group Inc. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,706 shares of the computer hardware maker’s stock after acquiring an additional 1,153 shares during the quarter. Heritage Investment Group Inc.’s holdings in NVIDIA were worth $1,160,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Centerpoint Advisory Group increased its stake in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC increased its stake in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC increased its stake in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Financial Perspectives Inc increased its stake in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after buying an additional 1,265 shares during the period. Finally, Hickory Point Bank & Trust acquired a new position in NVIDIA in the 4th quarter valued at $2,272,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the completion of the sale, the chief executive officer owned 74,123,225 shares of the company’s stock, valued at approximately $12,566,851,566.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,114,800 shares of company stock valued at $760,553,003. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 1.7%

NVDA opened at $173.74 on Friday. The firm has a market capitalization of $4.24 trillion, a P/E ratio of 56.05, a P/E/G ratio of 1.50 and a beta of 2.13. The firm’s 50 day moving average is $150.19 and its 200-day moving average is $130.70. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $174.25. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post 2.77 EPS 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s payout ratio is currently 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Needham & Company LLC boosted their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 price target (up from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.22.

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.