POM Investment Strategies LLC Acquires 3,795 Shares of NVIDIA Corporation (NASDAQ:NVDA)

POM Investment Strategies LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 201.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,681 shares of the computer hardware maker’s stock after purchasing an additional 3,795 shares during the period. NVIDIA makes up about 0.7% of POM Investment Strategies LLC’s portfolio, making the stock its 17th largest holding. POM Investment Strategies LLC’s holdings in NVIDIA were worth $616,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NVDA. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Jefferies Financial Group upped their price objective on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Oppenheimer upped their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Rosenblatt Securities upped their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Loop Capital upped their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. One research 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $182.03.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $180.00 on Tuesday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a 50-day simple moving average of $156.27 and a two-hundred day simple moving average of $132.58. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.30.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,650 shares of the company’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 completion of the transaction, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at $510,023,939.24. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total value of $13,405,500.00. Following the transaction, the chief executive officer directly owned 73,748,225 shares of the company’s stock, valued at approximately $13,181,757,736.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,339,800 shares of company stock worth $800,141,003. Corporate insiders own 4.17% of the company’s stock.

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.