Zeit Capital LLC Takes $98,000 Position in NVIDIA Corporation (NASDAQ:NVDA)

Zeit Capital LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 900 shares of the computer hardware maker’s stock, valued at approximately $98,000. NVIDIA makes up approximately 0.1% of Zeit Capital LLC’s holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the period. LSV Asset Management purchased a new position in NVIDIA in the 4th quarter worth $54,000. Finally, Delos Wealth Advisors LLC raised its position in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker’s stock worth $66,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 1.1%

Shares of NVIDIA stock opened at $182.67 on Monday. 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 stock has a market capitalization of $4.46 trillion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $183.88. The company has a 50-day simple moving average of $159.82 and a two-hundred day simple moving average of $133.62.

NVIDIA (NASDAQ:NVDA) last issued its 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 firm had revenue of $44.06 billion during 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%. The firm’s quarterly 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. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company’s stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,687,440 shares of company stock valued at $862,095,782 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Needham & Company LLC lifted their target price on shares of NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Bank of America lifted their target price on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Wedbush reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.75.

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.