Cortland Associates Inc. MO Acquires 307 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Cortland Associates Inc. MO increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 17.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,107 shares of the computer hardware maker’s stock after purchasing an additional 307 shares during the period. Cortland Associates Inc. MO’s holdings in NVIDIA were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Blue Square Asset Management LLC lifted its holdings in shares of NVIDIA by 26.3% in the 1st quarter. Blue Square Asset Management LLC now owns 62,110 shares of the computer hardware maker’s stock valued at $6,731,000 after acquiring an additional 12,941 shares during the last quarter. Austin Wealth Management LLC grew its stake in NVIDIA by 24.0% in the 1st quarter. Austin Wealth Management LLC now owns 19,102 shares of the computer hardware maker’s stock worth $2,033,000 after acquiring an additional 3,699 shares in the last quarter. Callahan Advisors LLC raised its position in NVIDIA by 13.7% during the 1st quarter. Callahan Advisors LLC now owns 127,162 shares of the computer hardware maker’s stock valued at $13,782,000 after purchasing an additional 15,337 shares in the last quarter. Cromwell Holdings LLC increased its position in NVIDIA by 1.2% during the 1st quarter. Cromwell Holdings LLC now owns 69,344 shares of the computer hardware maker’s stock valued at $7,516,000 after purchasing an additional 826 shares during the period. Finally, Gateway Wealth Partners LLC raised its holdings in shares of NVIDIA by 9.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 29,540 shares of the computer hardware maker’s stock valued at $3,202,000 after purchasing an additional 2,577 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the sale, the chief executive officer owned 73,523,225 shares of the company’s stock, valued at approximately $13,098,897,766. This 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 is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,537,440 shares of company stock valued at $835,035,782. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $179.42 on Thursday. 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 Corporation has a 52-week low of $86.62 and a 52-week high of $183.30. The company has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 57.88, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The stock has a 50 day moving average price of $158.02 and a 200 day moving average price of $133.22.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business’s revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Bank of America lifted their price target on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Finally, Oppenheimer lifted their price target on NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $183.75.

NVIDIA Company 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.