Mainstream Capital Management LLC Purchases 850 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Mainstream Capital Management LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 30,041 shares of the computer hardware maker’s stock after purchasing an additional 850 shares during the quarter. NVIDIA accounts for 2.6% of Mainstream Capital Management LLC’s portfolio, making the stock its 8th largest position. Mainstream Capital Management LLC’s holdings in NVIDIA were worth $3,256,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Arlington Trust Co LLC raised its position in shares of NVIDIA by 1.8% during the first quarter. Arlington Trust Co LLC now owns 56,809 shares of the computer hardware maker’s stock worth $6,157,000 after purchasing an additional 1,027 shares during the period. Vishria Bird Financial Group LLC increased its stake in NVIDIA by 38.2% in the 1st quarter. Vishria Bird Financial Group LLC now owns 3,745 shares of the computer hardware maker’s stock worth $406,000 after purchasing an additional 1,035 shares in the last quarter. Alley Investment Management Company LLC increased its stake in NVIDIA by 48.2% in the 1st quarter. Alley Investment Management Company LLC now owns 87,506 shares of the computer hardware maker’s stock worth $9,484,000 after purchasing an additional 28,466 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in NVIDIA by 5.6% during the first quarter. Physician Wealth Advisors Inc. now owns 45,914 shares of the computer hardware maker’s stock valued at $4,976,000 after buying an additional 2,449 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of NVIDIA by 5.4% in the first quarter. Pinnacle Financial Partners Inc now owns 477,729 shares of the computer hardware maker’s stock worth $52,690,000 after buying an additional 24,442 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Barclays upped their price target on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Arete Research raised NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.22.

Insider Activity at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $169.54, for a total value of $12,715,500.00. Following the completion of the sale, the chief executive officer directly owned 74,123,225 shares of the company’s stock, valued at $12,566,851,566.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,114,800 shares of company stock valued at $760,553,003 in the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $173.50 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market capitalization of $4.23 trillion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $174.72. The business has a 50 day simple moving average of $150.95 and a 200 day simple moving average of $130.86.

NVIDIA (NASDAQ:NVDA) last posted its 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 company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. NVIDIA’s quarterly revenue was up 69.2% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is 1.29%.

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.