NVIDIA Corporation (NASDAQ:NVDA) Shares Acquired by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 4.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,249 shares of the computer hardware maker’s stock after acquiring an additional 3,160 shares during the period. NVIDIA makes up 1.4% of Kesler Norman & Wride LLC’s investment portfolio, making the stock its 15th largest holding. Kesler Norman & Wride LLC’s holdings in NVIDIA were worth $7,289,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC increased its stake 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 purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.7%

Shares of NASDAQ 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. The stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 57.88, a P/E/G ratio of 1.57 and a beta of 2.14. The company’s fifty day moving average is $158.02 and its 200-day moving average is $133.22. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month 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 (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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. Equities research analysts predict 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 $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 presently 1.29%.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the transaction, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,537,440 shares of company stock valued at $835,035,782. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on NVDA shares. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. DA Davidson increased their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. Wedbush reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, May 29th. Mizuho set a $192.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Oppenheimer upped their price objective on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $183.75.

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.