NVIDIA Corporation $NVDA Shares Acquired by Aire Advisors LLC

Aire Advisors LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,790 shares of the computer hardware maker’s stock after purchasing an additional 1,852 shares during the period. NVIDIA comprises 1.3% of Aire Advisors LLC’s portfolio, making the stock its 21st largest position. Aire Advisors LLC’s holdings in NVIDIA were worth $6,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NVDA. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% during the first 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 acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Finally, Delos Wealth Advisors LLC raised its holdings in shares of NVIDIA by 134.8% during the fourth 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. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BNP Paribas raised shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. Jefferies Financial Group increased their target price on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Needham & Company LLC increased their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, DA Davidson increased their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $186.33.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA 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 sale, the chief executive officer owned 72,998,225 shares in the company, valued at $13,240,418,050.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,837,440 shares of company stock worth $889,404,782. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 0.9%

Shares of NVDA stock opened at $180.45 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. 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 business’s 50 day moving average is $163.96 and its two-hundred day moving average is $135.52. The company has a market cap of $4.40 trillion, a PE ratio of 58.21, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 return on equity of 105.09% and a net margin of 51.69%. The company’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

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.