NVIDIA Corporation (NASDAQ:NVDA) Shares Purchased by Weil Company Inc.

Weil Company Inc. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,009 shares of the computer hardware maker’s stock after acquiring an additional 464 shares during the quarter. Weil Company Inc.’s holdings in NVIDIA were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first 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 during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $178.26 on Wednesday. The company’s 50 day simple moving average is $157.13 and its 200-day simple moving average is $132.90. The company has a market capitalization of $4.35 trillion, a price-to-earnings ratio of 57.50, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $183.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company 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%. NVIDIA’s revenue was up 69.2% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s payout ratio is 1.29%.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Benchmark restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. DA Davidson raised their price target on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Barclays raised their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.03.

Insider Buying and Selling

In other news, CFO Colette Kress sold 27,650 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $170.89, for a total value of $4,725,108.50. Following the sale, the chief financial officer directly owned 2,984,516 shares of the company’s stock, valued at approximately $510,023,939.24. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares of the company’s stock, valued at $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,489,800 shares of company stock worth $826,553,003 over the last three months. Insiders own 4.17% of the company’s stock.

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.