Revisor Wealth Management LLC Increases Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Revisor Wealth Management LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 218.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,744 shares of the computer hardware maker’s stock after acquiring an additional 15,599 shares during the period. NVIDIA accounts for about 1.1% of Revisor Wealth Management LLC’s holdings, making the stock its 17th biggest position. Revisor Wealth Management LLC’s holdings in NVIDIA were worth $2,465,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its position in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock worth $134,877,735,000 after buying an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its position in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock worth $74,439,273,000 after buying an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock worth $55,237,367,000 after buying an additional 3,721,331 shares during the last quarter. Norges Bank purchased a new position in NVIDIA during the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp raised its position in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. The Goldman Sachs Group started coverage on shares of NVIDIA in a research report on Thursday, July 10th. They set a “buy” rating and a $185.00 price objective for the company. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Needham & Company LLC raised their target price on NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.22.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated 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 transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. 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 company insiders.

NVIDIA Stock Down 0.1%

NVDA opened at $173.50 on Monday. 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 stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 55.97, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13. The business has a 50-day moving average of $150.95 and a two-hundred day moving average of $130.80. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $174.72.

NVIDIA (NASDAQ:NVDA) last posted 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). The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid 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 dividend payout ratio is currently 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.