Narus Financial Partners LLC Grows Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Narus Financial Partners LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,218 shares of the computer hardware maker’s stock after acquiring an additional 4,115 shares during the period. NVIDIA accounts for about 1.4% of Narus Financial Partners LLC’s investment portfolio, making the stock its 7th largest position. Narus Financial Partners LLC’s holdings in NVIDIA were worth $4,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in NVIDIA during the 1st quarter worth approximately $811,000. Alps Advisors Inc. raised its stake in NVIDIA by 1.3% during the 1st quarter. Alps Advisors Inc. now owns 72,340 shares of the computer hardware maker’s stock worth $7,840,000 after acquiring an additional 927 shares during the period. Aurdan Capital Management LLC raised its stake in NVIDIA by 4.9% during the 1st quarter. Aurdan Capital Management LLC now owns 2,252 shares of the computer hardware maker’s stock worth $244,000 after acquiring an additional 106 shares during the period. Capital Insight Partners LLC raised its stake in NVIDIA by 17.0% during the 1st quarter. Capital Insight Partners LLC now owns 65,804 shares of the computer hardware maker’s stock worth $7,132,000 after acquiring an additional 9,575 shares during the period. Finally, Peoples Financial Services CORP. raised its stake in NVIDIA by 72.4% during the 1st quarter. Peoples Financial Services CORP. now owns 1,350 shares of the computer hardware maker’s stock worth $146,000 after acquiring an additional 567 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 3.6%

Shares of NVDA opened at $180.00 on Tuesday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.30. The company has a market cap of $4.39 trillion, a PE ratio of 58.06, a P/E/G ratio of 1.53 and a beta of 2.14. The business has a fifty day moving average of $156.27 and a 200 day moving average of $132.58. 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 released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 business 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 posted $0.61 earnings per share. The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is 1.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Morgan Stanley increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Citigroup increased their price objective on shares of NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Mizuho set a $192.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.03.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the sale, the chief executive officer directly owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction on Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director owned 1,729,478 shares of the company’s stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,339,800 shares of company stock worth $800,141,003. 4.17% of the stock is currently owned by insiders.

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.