Rogco LP Raises Stake in NVIDIA Corporation (NASDAQ:NVDA)

Rogco LP boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,070 shares of the computer hardware maker’s stock after acquiring an additional 2,000 shares during the quarter. NVIDIA accounts for about 0.7% of Rogco LP’s investment portfolio, making the stock its 22nd largest position. Rogco LP’s holdings in NVIDIA were worth $1,850,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the 4th quarter worth approximately $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $50,000. LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth approximately $54,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the 1st quarter worth approximately $51,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $180.00 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. 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 fifty day moving average of $156.27 and a two-hundred day moving average of $132.58.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer directly owned 73,748,225 shares of the company’s stock, valued at $13,181,757,736.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the transaction, the director directly 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 quarter, insiders sold 5,339,800 shares of company stock worth $800,141,003. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NVDA. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Wedbush restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. UBS Group restated a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. Loop Capital lifted their price objective on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.03.

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.