NVIDIA Corporation (NASDAQ:NVDA) Holdings Lifted by Foundry Financial Group Inc.

Foundry Financial Group Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,880 shares of the computer hardware maker’s stock after buying an additional 493 shares during the quarter. Foundry Financial Group Inc.’s holdings in NVIDIA were worth $529,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NVDA. Brighton Jones LLC increased its stake in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE increased its stake in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its stake in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in NVIDIA in the 4th quarter worth about $3,380,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $180.45 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The stock’s 50 day moving average price is $163.96 and its 200-day moving average price is $135.45. The company has a market capitalization of $4.40 trillion, a PE ratio of 58.21, a PEG ratio of 1.59 and a beta of 2.14. 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 (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 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 firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction on 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 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $181.38, for a total transaction of $13,603,500.00. Following the completion of the transaction, the chief executive officer directly owned 72,998,225 shares in the company, valued at approximately $13,240,418,050.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,837,440 shares of company stock worth $889,404,782 in the last three months. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Mizuho raised their price objective on NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given 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 $186.33.

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.